Look, it's August and trading volume is telling you just about all you need to know.
Trying to make heads or tails of most things is difficult with such light volume. Not to mention the fact that this week -- with President Trump's speeches and Jeff Bezos closing his deal to take over Whole Foods Market (WFM) aside -- didn't really provide any indication about whether the markets can continue to hold around all-time highs or climb higher.
The end of the week scoreboard showed: Dow up 0.14%, Nasdaq down 0.09% and S&P 500 up 0.17% on Friday.
Fed Chair Janet Yellen was in Jackson Hole, Wyo. for the annual Economic Policy Symposium and made brief comments on strengthening employment figures in her speech Friday, but spent the majority of her talk addressing the efficacy of financial regulations. In short, nothing new... yet.
Hurricane Harvey, which is expected to make landfall in Texas late Friday, is sure to interrupt life for those in the gulf coast states this weekend and while TheStreet will be monitoring the storm we will also be monitoring the storm's impact on some key industries. Think oil -- Exxon Mobil Corp. (XOM) , Royal Dutch Shell plc (RDS.A) and Anadarko Petroleum Corp. (APC) , insurance and home repair (Home Depot HD et al).