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The dog days of summer have arrived, and so have the hurricanes.
They say the current Category 4 to Category 5 hurricane (Beryl) is the earliest on record. I expect both the markets and weather to be very stormy this summer.
According to AAA, this week a record 60.6 million people are expected to hit the road for the Fourth of July, up 2.8 million travelers compared to last year. With that in mind, and with a 99% chance that volume will thin out, volatility can take over. We’ve got some jobs data this morning, but remember, the US equity markets close early today (1 pm ET).
