Cyclicals, US dollar, August volatility: Market Takeaways

on Asking for a Trend to highlight the biggest themes from the trading, including this week's gains in cyclical sectors, patterns pointing to a reversal in the US dollar, and market volatility announced key senior leadership promotions to support and accelerate the company’s strategic partner growth initiatives.

The Gap reported better-than-expected second quarter results. The earnings were supposed to be released after the market close on Thursday, but had accidentally been posted earlier in the day.  Morningstar equity analyst David Swartz describes the quarter as "pretty good," with a strong gross margin. He tells Market Domination Overtime that apparel companies' margins are benefiting from a decline in shipping and raw materials costs.

Attorneys for Bryan Kohberger argue his murder trial should be relocated because potential jurors voiced concerns that the public would ‘burn the courthouse down’ if he is acquitted of murder chargesOTTAWA — It is already more cost effective over the long term to buy an electric vehicle than a gas-powered model, but the savings must get substantially higher if Canada is to meet its EV sales targets, the parliamentary budget office concluded in a new analysis.

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