Malcolm Graham
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What summer lull? These stocks are ready to bust higher

Paramount/Courtesy Everett Collection

Financials look ready to strike up the band.

Even with the Dow logging another record close — its ninth straight and 35th of the year — on the surface, it looks like a summer snoozer out there. FXTM’s chief market strategist Hussein Sayed, has a pretty good idea as to why: “The Dow has traded higher for 10 consecutive days, but none of these 10 days saw an increase of more than 0.5%. The last time the Dow moved more than 1% was back in May 17, when the index dropped 1.78%.” The S&P 500 SPX, -0.11%  , which also nailed a record close yesterday, has been in a daily range of less than 0.3% for the past 13 trading sessions — the quietest period in decades, says Sayed. Oh, well — it is summer, with lots of traders and even President Donald Trump on vacation. Or is he ...?
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