Communication Services and Tech lead the way as the S&P 500 (SPX) ended the day up 1.10% after holding on to early gains. The President’s announcement about China wanting to restart negotiations was ultimately the main driver today. With Q2 earnings season nearly over, the whole story remains the same: While this Trade environment produces near term volatility, the current sentiment, our key tactical indicators, and history should prevail and prove any weakness to be only temporary.
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