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7/9/21 - Tech under scrutiny


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SPY and DOW gap up and climb to start the day, QQQ extremely choppy as presidential Executive Order looms that would potentially limit big tech's market dominance.

Investors seem to have mixed feelings about where economy is going. On one hand since there is so much pent up supply it can be said that a ton of cash will flow into economy. However we are over extended so some investors say that the next large pullback could turn into a correction.

IMF and world bank come out in support of digital currencies, which is great for crypto market. However, they did not specifically support any coins, rather they seem more in favor of digital currencies tied to countries as opposed to decentralized currencies.

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Let's TradeBy Derek Hutson