Volatility in the market has been a direct result of daily trade war headlines for the past few weeks. However, we are keeping our focus on the underlying economic data and our offensive call that originated in this July post. The upcoming week will feature a number of significant economic data releases. Due out this week are: Empire Manufacturing, Retail Sales Data, NAHB Housing Market Index, Fed Beige Book, Building Permits and Housing Starts, Philadelphia Fed Outlook, Industrial Production, Capacity Utilization, and Leading Index data.

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