This week has been packed with financial news. And not very good news.
The Federal Reserve lowered the key bank rate by a quarter point and President Trump followed that up with more tariff threats, sending stocks and the S&P 500 Index (NYSEARCA: SPY) lower.
In today’s video, we discuss the current price structure and internal dynamics of the stock market. We look at several key indicators and sectors. Here’s a recap:
Tariff Tweets Send the S&P 500 to the Top of the Support Zone
10-Year Yield Breaks Support to Close Below 2%
Semiconductors Retreat From Two-Year Relative Highs
Stock Market Today Video – August 2, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
