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.

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