June 20 – Stock mentions: SPY, AMZN, CSCO, GOOGL, GE, AAPL
Michael Kramer and the clients of Mott Capital own CSCO, GOOGL, and AAPL
Stocks had a big day despite a midday pullback in what appears to have just been a gap fill. Perfectly fine by me. The performance of the equity market was powerful on June 20 and could not have been more perfect. The index managed to open about 1% higher and saw nearly all of it evaporate midday on Iran worries. Still, stocks managed to recoup all of the midday pull back to finish near the highs. (See premium content: Sector Rotation Suggest Higher Stock Prices)
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