The doldrums of summer are here, which perhaps explains why investor reaction to geopolitical news would seem to be the only thing really moving the needle for the S&P 500 in the third week of August 2018.

After last week’s concerns over the risk of contagion from Turkey’s economic dilemmas began to be offset by a double dose of good news in the form of improved prospects for U.S.-China and U.S.-Mexico trade negotiations. But what really seems to have moved the needle during Week 3 of August 2018 was the solid earnings results that came out from both Walmart (NYSE: WMT) and Cisco (Nasdaq: CSCO) on Thursday, 16 August 2018.

That said, this being the doldrums of summer, there wasn’t a whole lot of major market-moving news in the week that was.

Monday, 13 August 2018

  • Oil edges lower as Cushing build adds to demand fears
  • Wall Street dragged down by fall out from Turkey’s plunging lira

    • U.S. bank shares fall on Turkey contagion fears

    • Tuesday, 14 August 2018

  • Oil slips as strong dollar pressures, equities gains support
  • Wall St. rises on earnings optimism, lira rebound

    • Wednesday, 15 August 2018

  • Oil falls as U.S. crude inventories jump unexpectedly

    • Chinese oil importers shun U.S. crude despite tariff reversal
  • Turkey, trade worries hit Wall Street

    • Turkey tantrum? Investors fret over contagion from lira plunge

    • Thursday, 16 August 2018

  • Oil steadies but outlook for demand grows gloomy
  • QE lives! U.S. Fed buys $1.8 billion of mortgage bonds, sells none
  • Wall St. rallies on solid earnings, U.S.-China trade talks

    • Friday, 17 August 2018

  • Oil rises in session, but has weekly loss on trade worries
  • Wall Street rises on upbeat trade news

    • U.S., China Plot Road Map to Resolve Trade Dispute by November
    • Canada on the Sidelines as U.S. and Mexico Near an Agreement on Nafta

    • For the second week in a row, Barry Ritholtz identified more negatives than positives in the week’s economics and markets news.

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