Small Business Optimism Falling and Home Sales Cancellations? It’ OK, it’s Prime Day!

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLW5vY29va2llLmNvbS9lbWJlZC9MTFZKZkNQel9DQT9yZWw9MCIgdGl0bGU9IllvdVR1YmUgdmlkZW8gcGxheWVyIiBmcmFtZWJvcmRlcj0iMCIgYWxsb3c9ImFjY2VsZXJvbWV0ZXI7IGF1dG9wbGF5OyBjbGlwYm9hcmQtd3JpdGU7IGVuY3J5cHRlZC1tZWRpYTsgZ3lyb3Njb3BlOyBwaWN0dXJlLWluLXBpY3R1cmUiIGFsbG93ZnVsbHNjcmVlbj0iIj48L2lmcmFtZT4=[/video_player]

With small business confidence drifting to record lows and home sales cancellations spiking to COID highs, the market appears to be taking it in stride. As we wrap up a historically bullish 2-week period, we’re now looking ahead to another earnings season this week with banks and don’t forget Amazon Prime Day, which is sure to strain already extended credit limits. With all this news, we may need to swap this Fed-powered speedboat for a Canoo. (GOEV, KBH, TEVA, DAL, FXI, AMC, AMZN)

More from TheoTrade

Trading Is a Haunted House: Don’t Run Into the Wall

How a 25-Point Morning Turned Into a 100-Handle Hole

What Retail Going All In Tells You

Why This Gold And Silver Correction Has My Attention

XSP Options: Mini-SPX Explained (and How It Compares to SPX and SPY)

Volatility Strikes Back


Most Recent

Trading Is a Haunted House: Don’t Run Into the Wall
How a 25-Point Morning Turned Into a 100-Handle Hole
What Retail Going All In Tells You
Why This Gold And Silver Correction Has My Attention
XSP Options: Mini-SPX Explained (and How It Compares to SPX and SPY)

Get educational market insights sent right to your inbox.

As Seen In