Monday’s market was marginal through most of the day, but all major indices ended the day in positive territory, led by the Nasdaq.  It was the market’s third positive close in a row and the fourth in the last five days. The S&P 500 ended the day at 1799.84, less than 3% from its all-time closing high of 1844.46.  It is now nearly 60 points above its recent low on February 3 (about a 6% drop from its high). 

Its earnings season again!  Q2 results began today with a so-so report from Alcoa (AA), but they will end the week with much awaited reports from JP Morgan (JPM) and Wells Fargo (WFC).  To be fair, the market began the week on the tail end of a trio of bad stories, a not-so-dynamic duo of emerging stories from the banking sector, and a single focus on the upcoming election.