Pre-Market Rundown (July 17, 2020)

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

  • Typical Rotation
    • Start of Earnings Season – Buy Banks
    • Investment Banks Good – Others Not So Good (MS, GS, JPM vs. WFC, BAC)
    • Fixed Income Trading Big Winner (Fed Buying Bonds and Restructuring)
    • Massive Loan Loss Provision Increases
  • Earnings
    • Tech and Industrials Staring Next Two Weeks
  • Economics Look Better – BUT….
    • Backward Looking
    • More Stimulus Needed
    • Slowing Again Due to Pandemic Breakout
  • Vaccine News
    • MRNA and AZN
    • Small Studies – Good Results – Fast Tracked
    • Favors the Out-of-Favored (Leisure and Travel)
  • July 31 – Income Cliff
  • SPACs/IPOs Have Been On Fire – Cooling a Bit
  • Market Starting to Price in Democratic Lead?
  • Follow Up – Market Overheating Again (+3,+4)
  • CPI Comes in HOT – 0.57 = > 6% YoY (Temporary Adjustment?) – Retail Sales Continue to Recover
  • Next Week (Light): Existing Home Sales, Initial Claims, New Home Sales
  • Make sure you are on mailing list for webinar updates.
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: SPAQ, SPCE, TSLA, TLSA, NIU, PLNT, BAC, GS, MS

Your Symbols

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