July 20th - What is Risk?
I've amended my last internal only blog for public consumption. This was originally published the morning of July 20, 2020. A lot of the content I consumed last week had more of a bearish tilt, which makes me question the direction these markets will take over the next few weeks. No, it’s not what you’re thinking. If many are still bearish and we have a Fed backstop, how do we not continue to move higher? Earnings’ Season is back with 25% of the S&P 500 reporting this week.The reports this week are expected to be messy. When will we start to get some forward looking guidance? There are a few things, outside Earnings, to watch this week that could affect where we end the week. One of the biggest is probably not even on your radar. The EU Economic Summit extending into this week could have a major impact on global markets. I don’t think there’s been enough coverage of this in the Americas. What is it? Well, the EU leaders are trying to settle on an economic aid pack...