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Show Notes
5 straight months up for S&P 500
End of month paint the tape in play?
It has been the tale of two markets:
I. Backed by liquidity
https://www.federalreserve.gov/financial-stability/bank-term-funding-program.htm)
The Bank Term Funding Program (BTFP) was created to support American businesses and households by making additional funding available to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
II. The rest of us
20% credit card interest rates
Average interest rate for new car buyers hit 7.1% in Q2. @Cardealershipguy)
*highest since Q4 2007
Highest amount of revolving credit ever
My gut says the student loan payment start date will be kicked down the road to next administration
Strong
$BZH up 22%
$ROKU up 31.43%
$PLTR up 10.25%
$EXTR July 19 - Surprising Increase: Mackenzie Financial Corp Boosts Holdings in Extreme Networks, Inc. by 47.3%
$CAVA up 6.21%
Weak
$SG down 8.67%
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