Good Tuesday morning all,

Tyler here with you for this morning’s update.

Futures are looking strong to start the day as our major indexes are higher across the board with tech again leading the way with the Nasdaq +.6% at the time of writing.

While it has been said many times already, the summer doldrums roll on as August is notoriously an illiquid and slow-news month for the markets. That is a very dull message, but there is a significant upside to it as well.

As Kip talked about on his podcast yesterday, his mentors would say, “the money is made in the waiting”. This has been a good time to be patient. As we pointed out from stock traders almanac in late July, when the S&P 500 has been higher by 3% + in the month of July, the average sell-off in August has been 7%. At the low Friday the S&P had fallen 5.9% from it’s July peak, and the Nasdaq had fallen 8.8% at it’s low. So far, about par for the course for August.

Trees don’t grow to the sky overnight. Overall ...