Evening Briefing For August 3rd

* MARKET THEMES FROM MONDAY: Stocks opened strong, with the risk themes in gear: weak U.S. dollar, strong commodities, rising Treasury rates. After consolidating near Thursday's price highs, consistent buying pressure led to a slow rise through most of the session. New 65-day highs hit a fresh peak for the market rally, indicating that the rally has retained significant strength. Once again, we're seeing that dips are short-lived and shallow, as money managers are afraid of missing the bull move.

* OVERSEAS/OVERNIGHT NUMBERS: Monday 11:30 PM CT - Australia, Reserve Bank (central bank) announcement; 4:00 AM CT - EU, PPI; 8:30 PM CT - Australia, imports, exports.

* EARNINGS: ADM, CAR, CNO, ED, CVS, EMR, ETR, KFT, TM, UBS, WFMI

* WORTH READING:

-- Thanks to a very astute reader for this article on the secret to world-class performance;

-- A wise trader calls attention to this article on one crucial secret to success;

-- Valuable life lessons from Irwin Yamamoto;

-- Beijing concerned about overheated stock market;

-- Asia on the rise in early trade;

-- Race to debase world currencies.
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