Markets all close slightly down on the day, most likely due to a 5.4% YOY increase in the CPI index. This however seems only natural to me as money velocity was significantly lower in June of last year due to lockdowns, and we now have a much larger amount of money in supply due to multiple stimuluses' since then.

Tech is the only S&P sector out of the 11 to end the day in the green. We were able to make some money trading JD though in the morning before the afternoon slide so good day overall.

Slew of financial companies set to release earnings tomorrow despite financial sector getting hammered today. Could it be an artificial dip for investors to buy once all the banks report better than expected earnings? We will see...