Paper Gains
Don't Count Them Out!
7/21/2025, 8:17:42 PM
Economic Summary
- Earnings season underway
- Upcoming NFP, FOMC, and PCE data next week
- Core CPI with no immediate rate cut
- 55% probability of September or October rate cut
- Low-volume summer trading environment
Bullish
- Rate cut probability increasing for September/October
- Seasonal strength in Apple and Google
- Small and mid-caps showing broadening market strength
- Buy-the-dip sentiment remains
- Metals and crypto showing recovery
Bearish
- Market still headline-driven and knee-jerky
- Microsoft may be done after lower high
- Seasonality could bring weak August/September
- Potential sell-the-news if rate cuts occur
- UNH trending lower before earnings
Bullish tickers
AAPLGOOGLCRMAMZNAVAX
Bearish tickers
MSFTUNH
People mentioned
EvanJerome PowellDonald TrumpBill PulteTom LeeMark ZuckerbergElon MuskMichelle Bowman