Market Report Jul 04 2023

To our friends across the pond, happy 4th!

Monday's trading session was a half day as today is July 4th with equity and bonds closed but forex is open.

Despite modest gains, the market's sentiment lacked conviction, which is likely attributable to many participants extending their holiday to a long weekend and the very same reason we took the day off.
Other than TSLA and RIVN, the mega-caps sector was relatively sluggish.

Europe closed in the red but is open today.
Most sectors were up slightly on the day as VIX managed to move into the holidays on a low.

Javid Shaik

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