Market Report Jul 19 2023

Tuesday started with a mixed performance at the index level during the session but concluded with notable gains. Initially, the major indices were hindered by weak performances of prominent mega caps, while the overall market demonstrated considerable strength. However, the market reversed its course as several mega-caps rebounded from early losses.

In response to the better-than-anticipated results from Bank of America (BAC), Morgan Stanley (MS), and Charles Schwab (SCHW), investors probably adjusted their positions accordingly.

Most sectors performed well as did the main European indices.
VIX fell to near 13.

TSLA earnings are released today and the first from our portfolio.

Javid Shaik

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