Let's Trade

7/7/21- Uneventful Fed notes lead to record day


Listen Later

SPY and QQQ both end at record highs for the day, DOW finishes green as well.

Investors did not seem phased by what came out of the Fed today from its June 15-16 meeting, likely because there were a lot of "we might" statements that did not definitively signal early tapering of asset and bond buy back programs. The US10Y rate also fell today against expectations, which certainly makes investors feel better.

Market buoyed by various sectors today, however one noticeable absentee was the energy sector, as it took a nice little slide today due to the significant drop in crude oil prices over the last 48 hours.

Bitcoin still holding steady at $34.5k, nothing exciting here... 

...more
View all episodesView all episodes
Download on the App Store

Let's TradeBy Derek Hutson