Critical Confluence of Market Volatility is Upon Us

Fitch downgrades US debt sending markets down to the lower edge of the weekly expected move. If you think the downside is over for the week look at the major announcements still ahead for the week. AAPL and AMZN earnings could easily send the tech sector lower whether the earnings are good or bad. The monthly unemployment report will be released Friday morning. Jerome Powell has said this is the first of only a handful of key reports over the next 2 months they will use to make their next rate hike decision.

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