Need to Know: The chart that’s proving crash-happy stock bears wrong

Market catalysts can be hard to find, or they can come around the corner and smack you in the face.

U.S. stocks are sitting near some record levels and refusing to go higher until something exciting happens. That doesn’t look too likely for Wednesday, judging by stock futures, which seem comatose. A bit of action is happening on the dollar, which is throttling back, as is oil. Gold is up, which brings us to our call of the day.

Catalyst hunters may need to cool their heels all the way to Aug. 26. That’s when the Fed’s Jackson Hole get-together gets underway, and the run-up could present opportunities for investors eyeballing their own non-Rio gold.

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