Stock Market Produces Foggy & Listless First Session Of August- $BA $F $GME $GOVX $HKD $ILAG $INM $TSLA Rise!

Happy Monday!

Welcome back from the weekend folks. I hope that yours was restful one and that your Monday kicked off the week in good order.

As for the stock market on Monday, it felt like investors needed and wanted to take breather today after the significant moves that we all realized in July where the S& P 500 was up over 9%. The stock market started off soft today, then moved in positive territory for a heartbeat, and then essentially stayed in negative territory for the balance of the day.  Overall it was a foggy, listless type day in the markets and in San Francisco too. The S&P 500 closed at 4,118.63 (-.28%) with the consumer staples sector leading all 11 sectors with +1.2% gain and the energy sector fell 2.2% to pull up the rear. Oil prices 4.7% to close $93.93/bbl.  Only 4 of the 11 sectors ended in the green. The Dow ended the session at 32,798.40 (-.14%) even though the shares of component Boeing (BA) shot up to $169.07 gaining 6.1% as reports that the FAA had approved the resume of 787 Dreamliner deliveries hit the worldwide web. The growth oriented and tech heavy Nasdaq closed at 12,368.98 (-.18%). The small caps on the Russell 2000 also suffered though a slow day and closed lower at 1,883.31 (-.10%). However, the MicroCaps rose slightly across the board as the iShares Micro-Cap ETF (IWC) closed at $114.50, +.05%, while Biotech stocks pulled back as the SPDR S&P Biotech ETF (XBI) closed at $79.47, -2.05%. The 52-wk range is now $61.78 – $136.61. The iShares Biotechnology ETF (IBB) also closed at $122.27, -1.46%. The 52-range is $104.29 – $177.37. A decent measure of the markets volatility or the CBOE Volatility Index (^VIX) closed at $22.84, up 7.08% and traded within the range of $22.31 – $23.27. 

The macroeconomic schedule also delivered the Final July IHS Markit Manufacturing PMI came in lower at 52.2%, while the July ISM Manufacturing Index came in slightly lower at 52.8%. The June Construction Spending report came in at -1.1%. The yield curve increased its inversion today with the 10-yr note dropping another 4 basis points to 2.61% & the 2-yr note bumped up 1 basis point to close 2.91%.

Around the money and precious metals’ tree, the U.S. Dollar Index closed at 105.41, -.47%, while Bitcoin (BTC) dropped to $23,153.68, -.82% over the last 24-hours at the time of this writing. Gold prices closed at $1,774/oz.,+$5/oz. & silver closed at $20.36/oz., -$.01/oz. on the day. Two mining producers closed the day as follows: Hecla Mining Company (HL) closed at $4.49, -.88% and First Majestic Silver Corp. (AG) closed at $7.72, +.78%. On July 12, Hecla Mining  announced its preliminary production for the second quarter of 2022 highlighting the following: Silver production of 3.6 million ounces, an increase of 10% over the first quarter of 2022 due to record throughput at the Lucky Friday Mine, Gold production of 45,718 ounces, an increase of 10% over the first quarter, driven by better performance at the Casa Berardi mine, Zinc production increased 12% over the prior quarter & Lead production increased 23% due to increased production at Lucky Friday. On July 21, First Majestic Silver Corp. announced that total production in the second quarter of 2022 from the Company’s four producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 7.7 million silver equivalent (“AgEq”) ounces consisting of 2.8 million ounces of silver and 59,391 ounces of gold. The Company’s financial results for the second quarter of 2022 are scheduled to be released on Thursday, August 4, 2022.

Economic Reports

On Monday, the Final July IHS Markit Manufacturing PMI came in lower at 52.2%, while the July ISM Manufacturing Index came in slightly lower at 52.8%. The June Construction Spending report came in at -1.1%.

Investing & Inspiration

1. “A single sunbeam is enough to drive away many shadows.” – Francis of Assisi
2. “With the past, I have nothing to do; nor with the future. I live now.” – Ralph Waldo Emerson
3. “Laziness may appear attractive, but work gives satisfaction.” – Anne Frank

4. “I never think of the future – it comes soon enough.” – Albert Einstein

5. Hope is but the dream of those who wake.” – Matthew Prior

6. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul
7. “Real knowledge is to know the extent of one’s ignorance.” – Confucius

8. “Better keep yourself clean and bright; you are the window through which you must see the world.” – George Bernard Shaw

9. “Nothing great in the world has ever been accomplished without passion.” – Georg Wilhelm Friedrich Hegel

10. “History is a vast early warning system.” – Norman Cousins 

11. “We first make our habits, and then our habits make us.” – John Dryden

12. “The traveler sees what he sees, the tourist sees what he has come to see.” – Gilbert K. Chesterton
13. “Adventure is worthwhile.” – Aesop
14. “We must build dikes of courage to hold back the flood of fear.” – Martin Luther King, Jr.
15. “The return we reap from generous actions is not always evident.” – Francesco Guicciardini

16. “Courage is knowing what not to fear.” – Plato

17. “Science may never come up with a better office communication system than the coffee break.” – Earl Wilson

18. “Progress was all right. Only it went on too long.” – James Thurber

19. “If you would know strength and patience, welcome the company of trees.” – Hal Borland

20. “We aim above the mark to hit the mark.” – Ralph Waldo Emerson

21. “Hope is being able to see that there is light despite all of the darkness.” – Desmond Tutu

22. “Our chief want is someone who will inspire us to be what we know we could be.” – Ralph Waldo Emerson

23. “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk

24. “Great things are done when men and mountains meet.” – William Blake

25. “The man who has no imagination has no wings.” – Muhammad Ali

26. “Formula for success: rise early, work hard, strike oil.” – J. Paul Getty

27. “Action is the foundational key to all success.” – Pablo Picasso

28. “Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us.” – Samuel Smiles

    “The backbone of surprise is fusing speed with secrecy.” – Carl von Clausewitz

29. “There are no shortcuts in evolution.” – Louis D. Brandeis

30. “I am fascinated by what is beautiful, strong, healthy, what is living. I seek harmony.” – Leni Riefenstahl
31. “If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.” – Henry David Thoreau
32. “Waste no more time arguing about what a good man should be. Be one.” – Marcus Aurelius
33. “It is during our darkest moments that we must focus to see the light.” – Aristotle Onassis
34. “Courage is fear holding on a minute longer.” – George S. Patton
35. “You must be the change you wish to see in the world.” – Mahatma Gandhi
36. “Don’t judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson 
37. “It is in the character of very few men to honor without envy a friend who has prospered.” – Aeschylus
38. “Life is a series of natural and spontaneous changes. Don’t resist them – that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” – Lao Tzu
39. “The more you praise and celebrate your life, the more there is in life to celebrate.” – Oprah Winfrey
40. “Anything simple always interests me.” – David Hockney
41. “He who angers you conquers you.” – Elizabeth Kenny
42. “Concision in style, precision in thought, decision in life.” – Victor Hugo
43. “The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.” – Aldous Huxley
44. “View health as an investment, not an expense.” – John Quelch
45. “The most effective way to do it, is to do it.” – Amelia Earhart
46. “Man needs his difficulties because they are necessary to enjoy success.” – A. P. J. Abdul Kalam
47. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha
48. “Nobody made a greater mistake than he who did nothing because he could do only a little.” – Edmund Burke
49. “You must do the things you think you cannot do.”- Eleanor Roosevelt
50. “Success is dependent on effort.” – Sophocles
51. “Nobody who ever gave his best regretted it.” – George Halas
52. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
53. “And when I breathed, my breath was lightning.” – Black Elk
54. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
55. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
56. “If you want a guarantee, buy a toaster.” – Clint Eastwood
57. “We are an impossibility in an impossible universe.” – Ray Bradbury
58. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
59. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
60. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
61. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
62. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
63. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
64. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
65. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
66. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
67. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
68. “There is more to life than increasing its speed.” – Mahatma Gandhi
69. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
70. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
71. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
72. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
73. “Life is too short for long-term grudges.” – Elon Musk
74. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
75. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
76. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
77. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
78. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
79. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
80. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
81. “Let there be work, bread, water and salt for all.” – Nelson Mandela
82. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
83. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
84. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
85. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
86. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
87. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
88. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
89. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
90. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
91. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
92. “Delete the negative; accentuate the positive!” – Donna Karan
93. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
94. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
95. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
96. “Everything has beauty, but not everyone sees it.” – Confucius
97. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
98. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
99. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
100. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” – Michelangelo
101. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
102. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
103. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
104. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
105. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
106. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
107. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
108. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
109. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
110. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
111. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
112. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
113. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
114. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
115. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
116. “There is little that can withstand a man who can conquer himself.” – Louis XIV
117. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
118. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
119. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
120. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
121. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
122. “Never do anything against conscience even if the state demands it.”– Albert Einstein
123. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
124. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
125. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu
126. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
127. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
128. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
129. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” – Liya Kebede
130. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
131. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
132. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
133. “The secret of getting ahead is getting started.” – Mark Twain
134. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe