VRA Midday Stock Market Commentary - July 27, 2022

Here’s today's VRA VidCast:

- Did Team Biden leak the Fed info? Fed rate hike/presser beginning at 2PM EST.

- .75% hike with a hint of dovishness.

- Q2 earnings are beating estimates. Even the losers are moving higher.

- NO recession on tomorrow’s GDP report.

- $280 billion semi/tech bill is "America First" policy (with pork). Bullish!

- Be greedy when others are fearful. And fund managers are “really” fearful. Midterm rally, keying off of Semis.