Stocks Post Gains As August Winds Down; Nomi Print On Central Bank Collusion

Investors put their money down as the major indices posted small gains heading into the end of the month. The NASDAQ was, in particular, on fire, posting the largest increase on the day, a more then one percent rise.

Non-farm payroll data for August will be released Friday morning in advance of the three-day Labor Day weekend, so that should color the final two days of the week, the last day of August and the first day of September.

As mentioned in prior posts, there's nothing stopping stocks from posting gains until congress comes back in September to begin debates on the debt ceiling, tax reform (that's funny, they always talk about tax reform and the tax code just keeps getting larger), and the federal budget (another fat boy).

To get an idea of just how far afield the world's central bankers have gone in trying to maintain a broken global financial system, Nomi Prins puts perfect spin on the topic, in her latest blog post, A Decade of G7 Central Bank Collusion... and Counting.

At the Close, 8/30/17:
Dow: 21,892.43, +27.06 (+0.12%)
NASDAQ: 6,368.31, +66.42 (+1.05%)
S&P 500: 2,457.59, +11.29 (+0.46%)
NYSE Composite: 11,805.07, +13.19 (+0.11%)