Friends   Some surprisingly strong economic data and falling oil prices helped stocks recover what they lost yesterday, and then some. The ISM non-manufacturing (services) purchasing managers index showed a surprising rebound in July. June factory orders also...

Friends   It was a difficult day for stocks as talk of inflation (mainly by Fed officials) worked its way back into the narrative. Indeed, bond yields moved back up a bit today after plunging lower amidst all the recession talk the last couple of weeks. The...