We’re at the end of another week where it seems like the market can only go up without a care for anything else. Meanwhile, we’re also deep into the summer doldrums on Wall Street, when there typically isn’t as much trading volume as people take a break.
The SPDR S&P 500 ETF Trust (NYSEArca: SPY) is making new highs despite a constant barrage of delta variant news and rampant inflation.
Usually when we see that, the FAANG stocks are charging ahead full steam with the rest of the market strapped to their backs…
But with the possible exception of Apple Inc. (Nasdaq: AAPL) in this low-volume market, there’s not much there.
Amazon.com Inc. (Nasdaq: AMZN) gapped down on earnings and hasn’t recovered, and Netflix Inc. (Nasdaq: NFLX) is stuck in the mud.
Meanwhile, Facebook Inc. (Nasdaq: FB) and Google parent Alphabet Inc. (Nasdaq: GOOGL) are hitting resistance near their record highs…
So if the FAANG and growth are a bust, where are the gains?
Biden’s New EV Plan Gives the Green Light to Tesla’s Real Competition August 6, 2021
The Biden administration announced it’s signing a new executive order that will push sales of electric vehicles to 50% of all new vehicles sold by 2030. It might feel like a big win for EV makers like Tesla, but do the numbers back it up?
Gold’s Loss is Bitcoin’s Gain — How to Play It August 10, 2021
Gold prices plummeted while Bitcoin broked out of the doldrums to start the week. So let’s drill down into these moves, see how the Bitcoin and gold relationship correlates and then use that information to trade it
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