The Contrarian Take on S&P 3,000

All eyes are on Fed Chair Jerome Powell's speech this Wednesday

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OPENING VIEW     7/09/2019
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Dow Futures Sour as Wall Street Anticipates Fed Testimony By Lillian Currens Share On Dow futures are signaling another drop today, as Wall Street exercises caution ahead of Fed Chair Jerome Powell's Wednesday testimony, with hopes of a rate cut weakened by last week's strong jobs data. In addition, 3M Company (MMM) stock is weighing on the Dow, following an analyst downgrade, and Cisco Systems (CSCO) is lower on big M&A news. Continue reading for more on today's market, including:  The contrarian take on S&P 3,000, courtesy of Schaeffer's Senior V.P. of Research Todd Salamone.  This Warren Buffett-backed stock might be in trouble, if past is precedent. How this shoe stock celebrated a World Cup win. Plus, Cisco buys Acacia; Piper Jaffray's merger; and the White House shuns FB.  >> Continue reading...
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