Market Minutes – July 19th
Market Update — US futures are trading 1% lower as the stock sell-off looks to continue into this week.
International Markets — European markets are trading 2% lower as Covid fears resurface and oil stocks fall due to OPEC+ deal. Asian markets are trading 1% lower as oil prices trade lower after OPEC+ deal news.
Commodities — Gold and silver are trading lower as the dollar continues to inch higher.
Crypto — Bitcoin is trading 2.96% lower around $30,733. Ethereum is trading 4.68% lower around $1,813 a coin.
Biggest After Market Movers — AutoNation is trading 1.1% higher after almost doubling earning estimates. Tractor Supply shares fell 2.1% lower despite beating earning estimates. ZM is trading 2.7% lower after announcing they are buying Five9 for $14.7b in stock. Five9 is trading 7.4% after the deal was announced.
Chart of the Day — TSLA Short $573pt (Charts by TradingView)