Message from Jon
We have seen the FED indicate a reduction in Interest rates,1 the Trade talks with China resume-although with little optimism expressed by President Trump 2-and earnings season come about with mixed results. 3 I would say, it's just another week on Wall Street. All eyes this past week have been on England's new Prime Minister election. Boris Johnson is vowing a Brexit or else approach by October 31st, giving us a new news cycle for some time to come, I think. 4
Stormguard is sitting at a bull market status, as is Dorsey/Wright, and a number of other indications at present are giving us the all clear signal to remain invested.
Till we speak again, enjoy the last weeks of summer.
S&P & Nasdaq Outgain Dow
WEEKLY UPDATE - JULY 29, 2019
The Week on Wall Street
Last week, investors assessed earnings and the initial estimate of second-quarter economic growth, while awaiting the Federal Reserve's next announcement about interest rates.
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