Pre-Market Rundown (July 9, 2021)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • THEME: JUST KEEP BUYING
    • Correlations Broken (Yields/Stocks/Currencies)
    • DIP Buy, Dip Buy. Forget Fundies – Charts!
    • Too Much of A good Thing?
    • Yield Curve Flattens
  • Covid Variants
    • Delta +
    • Pandemic Trade Again? (Not Really – Seems Far Fetched
    • Tech Trade is FIRE – Earnings Upcoming
    • Banks Lagging – Yields Dropping (1.25%???? What is With that?)
  • Backdrop
    • Slower Trade – Summertime!
    • Fed Supportive
    • Best Casino In World!
  • Stimulus
    • Word Out (RUMOR) That Biden Struck Bi-Partisan Deal on Infrastructure
    • Infrastructure Plays Moving
    • $1.2B –  (existing funding and tougher IRA sanctions on higher earners?)
  • ECONOMICS
    • Weaker Home Sales (AGAIN), ISM Manufacturing Cooling (Still Strong), FOMC Minutes = Dovish, Initial Claims = Inline
    • Next Week: CPI Inflation, PPI, Fed’s Beige Book, Import/Export Prices, Philly Fed, Retail Sales, UMich Confidence (JULY)
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: DIDI, AMC, SPCE, NEGG, EDIT, TLT, PETS, QQQ, FCX, BABA, BIDU, XLF

Your Symbols

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