VIX Spikes/ Holds Resistance MARKET SUMMARY U.S. markets ended the week on a sour note despite a report showing Q2 GDP grew at its best quarterly pace since mid-2014 and the third fastest quarterly rate since 2008. The 4.1% growth rate was impressive but missed forecasts of a 4.2% clip, and below whisper rumors for a print north of 5%.The sell-the-news event picked up downside momentum by the...
Continue reading >>VIX Spikes/ Holds Resistance MARKET SUMMARY U.S. markets ended the week on a sour note despite a report showing Q2 GDP grew at its best quarterly pace since mid-2014 and the third fastest quarterly rate since 2008. The 4.1% growth rate was impressive but missed forecasts of a 4.2% clip, and below whisper rumors for a print north of 5%.The sell-the-news event picked up downside momentum by the...
Continue reading >>Nasdaq Holds 7,700 Level MARKET SUMMARY U.S. markets showed little reaction to the U.S.-North Korea summit to start Tuesday’s session but picked up momentum afterwards with fresh all-time highs back in play. A joint statement and signed agreement came out of the summit, with details and further verifiable progress to be decided at future dates. The Fed's FOMC meeting will now take center...
Continue reading >>Nasdaq Holds 7,700 Level MARKET SUMMARY U.S. markets showed little reaction to the U.S.-North Korea summit to start Tuesday’s session but picked up momentum afterwards with fresh all-time highs back in play. A joint statement and signed agreement came out of the summit, with details and further verifiable progress to be decided at future dates. The Fed's FOMC meeting will now take center...
Continue reading >>Nasdaq Holds 7,700 Level MARKET SUMMARY U.S. markets showed little reaction to the U.S.-North Korea summit to start Tuesday’s session but picked up momentum afterwards with fresh all-time highs back in play. A joint statement and signed agreement came out of the summit, with details and further verifiable progress to be decided at future dates. The Fed's FOMC meeting will now take center...
Continue reading >>Nasdaq Holds 7,700 Level MARKET SUMMARY U.S. markets showed little reaction to the U.S.-North Korea summit to start Tuesday’s session but picked up momentum afterwards with fresh all-time highs back in play. A joint statement and signed agreement came out of the summit, with details and further verifiable progress to be decided at future dates. The Fed's FOMC meeting will now take center...
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