With a slew of earnings releases, slowing global economy, ongoing U.S.-China trade war, impeachment proceedings, etc., the markets are holding very well, with the QQQ and XLK making all-time highs, and the SPY and DIA not being behind.
The week pretty much seesawed, but Friday had a big advance in financials, energy, and industrials. Yields also rose, an indication that investors are more optimistic about growth and overall economic prospects.
On Wednesday, the Fed will likely lower the Fed Funds rate a third time this year.
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