Stocks Add Marginally To Upside Awaiting 2nd 2Q GDP Estimate

The Dow Jones Industrial Average tacked on modest gains, as did the NASDAQ and S&P 500. It was the seventh day in the last nine trading session in which the Dow has posted gains. The index is up 900 points since August 15.

On the downside was the NYSE Composite, losing 17 points.

Investors were on hold in advance of Wednesday's second estimate of second quarter GDP. The prior estimate, released in late July, saw the economy rowing at a 4.1% annualized rate.

Dow Jones Industrial Average August Scorecard:

Date	Close	Gain/Loss	Cum. G/L
8/1/18	25,333.82	-81.37	-81.37
8/2/18	25,326.16	-7.66	-89.03
8/3/18	25,462.58	+136.42	+55.05
8/6/18	25,502.18	+39.60	+94.65
8/7/18	25,628.91	+126.73	+221.38
8/8/18	25,583.75	-45.16	+176.22
8/9/18	25,509.23	-74.52	+101.70
8/10/18	25,313.14	-196.09	-94.39
8/13/18	25,187.70	-125.44	-219.83
8/14/18	25,299.92	+112.22	-107.61
8/15/18	25,162.41	-137.51	-245.12
8/16/18	25,558.73	+396.32	+151.20
8/17/18	25,669.32	+110.59	+261.79
8/20/18	25,758.69	+89.37	+351.16
8/21/18	25,822.29	+63.60	+414.76
8/22/18	25,733.60	-88.69	+326.07
8/23/18	25,656.98	-76.62	+249.45
8/24/18	25,790.35	+133.37	+382.82
8/27/18	26,049.64	+259.29	+642.11
8/27/18	26,064.02	+14.38	+656.49

At the Close, Tuesday, August 28, 2018:
Dow Jones Industrial Average: 26,064.02, +14.38 (+0.06%)
NASDAQ: 8,030.04, +12.14 (+0.15%)
S&P 500: 2,897.52, +0.78 (+0.03%)
NYSE Composite: 13,084.80, -17.23 (-0.13%)

Has the United States Been in a Depression Since 2007?

We're going to dispense with the usual stock market blather today and promote an article posted on Zero Hedge titled, "We Are Already In Depression (If Borrowing Money Is Not Income) written by Baker & Company Advisory Group (Tim Baker).

The article is available HERE.

At the Close, Thursday, September 28, 2017:
Dow: 22,381.20, +40.49 (+0.18%)
NASDAQ: 6,453.45, +0.19 (0.00%)
S&P 500: 2,510.06, +3.02 (+0.12%)
NYSE Composite: 12,179.33, +21.68 (+0.18%)