Premarket: Apple is red

Apple premarket red 7-7From MarketWatch's "European stocks and Dow futures pull back before earnings and next wave of data" posted early Tuesday:

Stocks in Europe pulled back on Tuesday, as traders wait for the next wave of information on the economy, the spread of coronavirus and corporate earnings...

“While the stock market has decoupled from the economy in recent months, there is the potential that earnings season could reunite them, albeit temporarily, and make stocks more sensitive to rising infection rates as well as a possible lack of fiscal stimulus,” said Kristina Hooper, chief global market strategist at Invesco. U.S. lawmakers have yet to agree to a new round of unemployment benefits.

My take: Imagine that! The market reunited with, you know, the economy.

2 Comments

  1. Alan Blair said:
    Philip, that’s a bright comment for this early in the morning.

    1
    July 7, 2020
  2. Peter Kropf said:
    In this corner, we have the market.
    And in this corner, we have Mnuchin, Powell, and Trump.

    “The Most Dangerous Man in the World”* has Wall Street’s trophy head on his wall.

    * Niece Trump’s sobriquet in a new book published soonish.

    0
    July 7, 2020

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