Weekend Wrap: Stocks Got A Good Rip This Week For No Apparent Reason

In the grand scheme of things, this past week was a victory for normalcy bias.

Stocks gained.

Bonds held steady.

The government continued to operate as a complete farce.

Nothing really changed at all.

Even Money Daily, the grand encapsulator of financial media, began its commentary with the same opening line twice on consecutive days. For purposes only serving to further the case for degeneracy and laziness, the line was, "So much for summer doldrums."

Feel free to look it up, but, presently, the editors of Money Daily have no intention of clicking on any more links or checking anything for accuracy.

It's a shoot and miss environment. Six months from now, nothing that happened this week will be of any relevance.

For what it's worth, the Dow is up exactly 748 points in July. Numerologists may point out that this number reduces to 19, or 1, both of which are prime numbers. At least in the case of "1" the signal is for newness, birth, rebirth, a fresh start.

Sounds good.

Dow Jones Industrial Average July Scorecard:

Date	Close	Gain/Loss	Cum. G/L
7/2/18	24,307.18	+35.77	+35.77
7/3/18	24,174.82	-132.36	-96.59
7/5/18	24,345.44	+181.92	+85.33
7/6/18	24,456.48	+99.74	+185.07
7/9/18	24,776.59	+320.11	+505.18
7/10/18	24,919.66	+143.07	+648.25
7/11/18	24,700.45	-219.21	+429.04
7/12/18	24,924.89	+224.44	+653.48
7/13/18	25,019.41	+94.52	+748.00

At the Close, Friday, July 13, 2108:
Dow Jones Industrial Average: 25,019.41, +94.52 (+0.38%)
NASDAQ: 7,825.98, +2.06 (+0.03%)
S&P 500: 2,801.31, +3.02 (+0.11%)
NYSE Composite: 12,769.50, +8.04 (+0.06%)

For the week:
Dow: +562.93 (+2.30%)
NASDAQ: +137.59 (+1.79%)
S&P 500: +41.49 (1.50%)
NYSE Composite: +104.62 (+0.83%)