Mike Zigmont Mike Zigmont, author of the Zigmont Report, is a partner at New York-based Harvest Volatility Management, a hedge fund with over $10B AUM, offering volatility management solutions to its investor base worldwide. Mike has been publishing his daily newsletter (Monday-Friday) privately for the firm’s investors and his personal contacts in the investment business

since 2008, sending shortly after the market close.

The opinions expressed below are my own

Total Eclipse. Financial news and geopolitical news was thin today and most headlines and news coverage was dedicated to the total solar eclipse today. Whether the eclipse caused the slow day or not is a question for the dinner table or happy hour. The answer is unknowable, unimportant, but fun to discuss.

Anywho, capital flow was very light today at 79% and the S&P 500 didn’t move much. If there’s anything worth chatting about, it’s the fact that the dip-buyers didn’t jump in with both feet today and really drive the tape higher. The weekend was quiet enough that the selloff from

Thursday

&

Friday

should look like yet another tasty opportunity to get longer and ride the bull. Maybe we have to wait a bit longer than just the weekend. President Trump is going to address the nation

tonight

and maybe investors want to see what he says before committing more capital to their longs.

We’ll see soon enough.

If there’s something to learn from today’s trading, it’s simply that things are quiet again. Quiet favors the bulls but we’ve also had a couple of doozy Thursdays this month. August has been quiet except for those trading sessions. The market is very happy to do very little unless a major news event stirs the pot.

See you

tomorrow

,

-Mike