Weekly Market Notes - August 12, 2019

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Includes: BAPR, BAUG, BIBL, BJUN, CHGX, CRF, DDM, DIA, DMRL, DOG, DUSA, DXD, EDOW, EEH, EPS, EQL, EQWL, ESGL, FEX, FWDD, GSEW, HUSV, IVV, IWL, IWM, JHML, JKD, OMFS, OTPIX, PAUG, PMOM, PPLC, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RVRS, RWM, RYARX, RYRSX, SCAP, SCHX, SDOW, SDS, SFLA, SFY, SH, SMLL, SPDN, SPLX, SPSM, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TRND, TWM, TZA, UAUG, UDOW, UDPIX, UPRO, URTY, USA, USMC, UWM, VFINX, VOO, VTWO, VV, ZF
by: Robert W. Baird & Co.
Summary

Markets likely to remain hostage to bouts of volatility as trade war dispute escalates.

Investor sentiment moves into the excessive pessimism zone offering near-term support for the market.

We recommend investors focus on strongest areas including utilities, consumer staples, technology and consumer discretionary.