July seasonality argues for a strong end of month rally

SPX and QQQ look to be trying to stabilize after pulling back to support and showing a strong initial push off the lows into mid-day Thursday.  Economic data came in stronger than expected on Thursday, which might make the FOMC’s job a bit tougher, but likely takes a July surprise rate cut off the table.   Sentiment has worsened in recent weeks, though trends have not shown ample deterioration to expect much further sel...

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