August 5 Update

S&P 500 is up 5.7% and Nasdaq up 8.7% in last 4 trading days.

Peace possibility and lower oil prices.

Earnings growth.  As of July 31, 61% of S&P 500 reported 2nd quarter earnings.  Year-over-year growth 47%

Problems are there.  Higher interest rates, Federal government fiscal deficits, overvaluation, etc. 

Try to see both sides of the trade.