Stocks Take Two Hits And Recover

Geoff Bysshe | August 11, 2019

Will the bulls thank China for last week’s opportunity to buy stocks lower? Last week began with a punch back from China in the trade war that escalated the concerns of the trade war to concerns of a potential currency war. The result was the biggest one-day percentage decline in the SPY for 2019. It also resulted in pushing the SPY, QQQ, and DIA well under their 50-day moving averages. Additionally, the IWM closed well

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