Tips

“There’s not enough here to call a bottom but there are plenty of stocks screaming to be bought,” writes David Nelson on Minyanville.com.

“Dry markets can be prone to distortions and false moves,” writes Mike O’Rourke, chief investment strategist at BTIG, in a commentary to clients. “Over the past twenty years, the August performance of the S&P 500 has diverged from the direction of the year to date performance 65% of the time.”