MEGA CAPS LEAD THE DAY... AGAIN.
Market Outlook for Week of July 7th
Market Outlook for Week of July 7th
Mega cap stocks led the upside as the balance of the markets went along for the ride. The recovery stocks continue to struggle to join the party as investors put money where their comfort level lies. Case counts continue to rise, but the markets are now almost deaf to the numbers... why? The counting process now includes anyone who has a fever or symptoms even if they are not tested. The way the process is being run is too much for many thus, they are ignoring the counts. The key stat is deaths, and they continue to decline in ratio. As my mom said, time takes care of most things and we have to be patient and let the time pass. In the process, we must keep our sanity (not easily done) in order to find the next opportunities. China's indexes jumped on the news a of 1km buffer to India to prevent any accidents from happening relative to sparking a war. We will see how that plays out in the markets on Tuesday.
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