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Important Message

On September 5, 2017, the trade settlement cycle will shorten from three business days after the trade date (“T+3”) to two business days after the trade date (“T+2”) for most products.  Click here to learn more

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Morning Comment

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  • 09/11/2017 Irma certainly packed a wallop. As many as 8 million people lost power. Storm damage costs to private insurers will range into the tens of billions of dollars. 
  • 09/06/2017 Stocks fell over 1% in the first trading session of the fourth quarter. While the headline story was elevated tensions vis a vis North Korea after a successful hydrogen bomb test, there were other factors that added to the selling pressure. 
  • 09/01/2017 I noted on Wednesday that I was impressed with the leadership in Tuesday’s rebound. After sharp morning losses related to a North Korea missile launch and the aftermath of Hurricane Harvey, stocks staged an impressive rebound led by the risk-on NASDAQ names.