Stocks: Where are we now? Forget the narrow trading range, low volume and low volatility. Beneath the August doldrums, stocks are moving.
It's not all great news. For example, sales growth remains anemic: It will be fractionally negative again this quarter. True, health care is a bright spot and has been a key driver of revenue growth. Consumer discretionary has had decent sales growth thanks to autos, but that is now leveling off. A few key tech stocks are seeing sales growth — particularly in cloud and semiconductors. But big sectors like industrials and consumer staples — particularly those tied to the global economy — are showing little or no growth.