Name: Can Markets Sustain July's Rally?
Uploaded: 2022-08-03T13:45:19+00:00
Duration: 2 min 38 s
Description: (8/3/22) Markets will open higher after a sloppy Tuesday of trading, trying to hold on to the bullish rally that started in July. Markets are now as over-baought as they were in March; markets need to

1 year ago

MarketSellOff NegativeSentiment FederalReserve RateHikes Recession Markets Money Investing

(8/3/22) Markets will open higher after a sloppy Tuesday of trading, trying to hold on to the bullish rally that started in July. Markets are now as over-baought as they were in March; markets need to hold the 50-DMA as support. With earnings coming in as a mixed bag, estimates for future earnings are coming down. Markets need to consolidate, and a pullback to the 50-DMA would set up for a stronger rally later. Things are still risky, and we're taking profits for now.

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