Sideline Friday

Jul 30, 2021Trade Ideas

This morning, let’s stay on the sidelines.

Futures are looking ugly, with the Dow down 114. The $&P 500 is down about 29, with the NASDAQ down 154 points. Part of the reason futures are down is because of Amazon, which posted disappointing earnings – even with revenue of $113.08 billion.

“There are so many crosscurrents going on at the moment influencing markets,” said Sebastian Mackay, a multi-asset fund manager at Invesco, as quoted by The Wall Street Journal. “We’ve entered a more volatile period for markets, but markets will continue to move higher because we’re still seeing economic growth.”


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