Trader's Daily Notebook: Summer Market Hits Some Unexpected Turbulence

The typically quiet, late-summer E-Mini S&P 500 futures (Es) auction schedule has been canceled so that we might bring you a more volatile, opportunistic trading environment. Please take your seat and fasten your seat belt. Enjoy the ride.

According to various financial media outlets, Thursday's equity market volatility was primarily driven by rumors that economic advisor Gary Cohn was abandoning his post in the Trump administration. But that's not all. Once the Cohn rumors began to fly, folks immediately began speculating about who would follow him out the door. The obvious fear being if folks like Cohn abandoned their posts, who would be left to instill some semblance of direction to a seemingly directionless administration?...542 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.