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- Jul 25th Stock Market update - US GDP grows by 2.8% in 2Q, faster than expected
Jul 25th Stock Market update - US GDP grows by 2.8% in 2Q, faster than expected
$TEAM $ELF $PAYC
Mukund Mohan
July 25, 2024
Market
“Real gross domestic product increased at a 2.8% annualized pace in the second quarter, above the 2.1% forecast.” 😊 😋
Markets are still under pressure from a string of poor earnings (Ford) which led lower
Covered most of my shorts yesterday, but as I have mentioned the market is still going to be weak for the next few days until strong earnings from more of the Mag 7 - Microsoft, Amazon, Apple, which are due in the next few weeks.
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