Proflex Market Update - Wk 29
Dear Subscribers,
We are back with weekly overview of markets and our commentary on the price action.
Historic Political Event:
We are witnessing a historic moment in US politics with an assassination attempt on Donald Trump and his miraculous escape. This event has dramatically changed the political landscape overnight.
There should be no space for violence in political discourse. Hopefully, this serves as a wake-up call for America to stop inciting personal attacks in politics and foster a better narrative. We will closely monitor how the markets respond to this new situation. Recently, Trump has had a strong influence on the market, especially as he gained ground over Biden after Biden’s debate performance. Now, there’s a growing wave of support in Trump’s favor. Market Performance: Last week’s market gains were remarkable, breaking lifetime highs. The market got a significant boost on Thursday when CPI numbers came in below expectations.
The outlook for Fed rate cuts is back in focus, with a rate cut expected in the September meeting. This triggered a big rally in mid-cap and small-cap stocks, with the Russell 2000 jumping 5%. Mega caps saw some correction and profit-taking but bounced back on Friday. Overall, the market is optimistic and poised to continue to make new highs. Technology Stocks and Earnings: As we approach earnings season, the performance of technology stocks, especially mega caps, will be crucial. TSMC and ASML are reporting this week, providing valuable insights into the semiconductor sector, which has greatly benefited from the AI boom. Free Weekly Insights
Get This Analysis Every WeekJoin 250+ investors at Google, Amazon & Apple who start their week with Proflex. No spam. Unsubscribe anytime. Will the uptrend continue? Will AI-driven profits remain strong? We are closely monitoring earnings as they start coming in this week and accelerate in the following week with key mega caps reporting in week of July 22. Crypto Market: After the German government sold $2.8B worth of Bitcoin in one week, Bitcoin has bounced back once the selling pressure subsided. The market absorbed the new supply well, with Bitcoin bouncing back above 60k in a major move over weekend. Exchange liquidity has been thin, and moves will be significant in either direction. Despite the selling pressure, US ETFs saw inflows of almost a billion dollars, indicating strong demand. This bodes well for further price appreciation in crypto.
Our All-Access members received a timely alert to buy digital assets at a deep discount last week and are already up significantly from the buy point. For close tracking and customized alerts, subscribe to the All-Access plan from Proflex. Proflex All-Access: Your Market Compass Explore the financial markets with Proflex All-Access, your comprehensive resource for deeper market understanding and active participation. This premium service offers subscribers exclusive insights and actionable investment advice, giving you a significant edge in various market conditions. Proflex All-Access provides detailed analyses and recommendations to optimize your investment strategy. Our specialized newsletters include: • Growth Gazette: Aimed at achieving above-market returns for aggressive portfolio growth. • Income Insider: Focused on conservative strategies and income generation for yield-seeking investors. • Crypto Pulse: Offers advanced strategies for investing in the rapidly expanding cryptocurrency market. Thank you for your continued trust and engagement. Feel free to send us your queries at proflex@proflexfinance.com Best regards, Raman Bindlish Editor-in-Chief, Proflex Finance ProFlex® by Proflex Finance Legal Disclosures ProFlex® by Proflex Finance, the premium newsletter product series, provides informational and educational content only and does not offer personalized investment advice or establish a fiduciary relationship. While we rely on reliable sources and research, the information is not tailored to individual financial situations. Readers are urged to consult qualified financial professionals before making investment decisions. We do not guarantee the accuracy, completeness, or timeliness of the information and are not responsible for any investment decisions based on this newsletter. Investing carries risks, and past performance doesn't predict future results. By accessing this newsletter, you acknowledge that we are not liable for actions or decisions resulting from its content. Please conduct due diligence and seek professional advice as needed. |
