22Jul3:30 pmEST
Endless Summer Sessions
This sleeps summer market, seemingly holding its breath in advance of the coming earnings onslaught, has all the pace and action of a Richard Marx love ballad.
Naturally, the small caps in IWM are back in the red and blunting any semblance of upside energy bulls were enjoying earlier in the sessions, save BYND and TTD as a few notable exceptions.
Indeed, the QQQ up 0.8% as I write this seems to be masking some sluggish action out there, which is not necessarily bearish but may be enough to slow us down considerably in front of these monstrous earnings reports.
As for precious miners, the U.S. Dollar bouncing back here seems to be keeping a lid on them for today. Still, the action has been rather bullish overall and we have a few miners on the radar for later in the week, especially if the greenback stumbles.
Games Which Have Been Around... Those Should Be Tears of Joy