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Intel (INTC) earnings were one of the catalysts for the July rally. Given the response of the e-mini NDX futures to the release this evening we may get déjà vu all over again. The futures are higher by almost 1%, indicating a positive start to tomorrow’s trading.
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Are we having earnings déjà vu all over again?
Let’s review:
Last quarter the market hit a hiccup in the end of June, sold off from a June-closing high of 944 in the S&P 500 index, down to 880 as we entered Q2 earnings.
This quarter the market has retraced from a high of 1071 [...]
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Green on the monitor screen is starting to appear: Apple, Google and Intel are all positive pushing the NDX index into the green.
Treasuries have sold off, giving up their initial gains and showing rising yields. This seems to be helping equities. Perhaps all hope is not lost.
Yesterday’s late day sell-off was possibly [...]
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