Market Minutes – July 15th
Market Update — US futures are trading lower despite earnings continuing to beat expectations.
International Markets — European markets are trading lower. Asian markets are trading higher as China’s economy grew in the second quarter.
Commodities — Gold and silver are trading higher as Powell reiterates that the Fed will not begin tapering any time soon. Oil is trading lower as supplies continue to increase.
Crypto — Bitcoin is trading 2.80% lower around $31,828. Ethereum is trading 3.78% lower around $1,909 a coin.
Biggest After Market Movers — Morgan Stanley shares are trading 1.6% lower despite beat earning estimates. AIG is trading 5% higher after they announced they were selling a 9.9% stake to Blackstone for $2.2b. NFLX is trading 1.8% higher as Netflix plans to start a video game unit.
Chart of the Day — FB
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