SPY - DAY TRADE
Hi, today we are going to talk about SPY and its current landscape.
Today the SPY throws cold water on the market boosted by the earnings season, which now reaches the 40% mark of companies that reported its gains. The biggest trigger to this pessimistic mood was the resounding tumble from Amazon that, for the first time in two-years, missed earnings and the lacking cost cuts, the third biggest company on S&P500 setback put Amazon among the companies that missed earnings in this season. Companies that frustrated investors' expectations are blaming the Trade War effects to justify the bad results.
On the Trade war side the market today also holds its breath, after Vice President Mike Pence, yesterday has shown support to Hong Kong protestors during its speech, which has triggered critics from China and raises the concerns on how stable the relation with China can be and how long the "phase one deal" can endure if this toxic environment linger on with this exchange of critics.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Today the SPY throws cold water on the market boosted by the earnings season, which now reaches the 40% mark of companies that reported its gains. The biggest trigger to this pessimistic mood was the resounding tumble from Amazon that, for the first time in two-years, missed earnings and the lacking cost cuts, the third biggest company on S&P500 setback put Amazon among the companies that missed earnings in this season. Companies that frustrated investors' expectations are blaming the Trade War effects to justify the bad results.
On the Trade war side the market today also holds its breath, after Vice President Mike Pence, yesterday has shown support to Hong Kong protestors during its speech, which has triggered critics from China and raises the concerns on how stable the relation with China can be and how long the "phase one deal" can endure if this toxic environment linger on with this exchange of critics.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
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