TRACKRECORD DAILY
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TRACKRECORD DAILY

Melt-Up in Hard Assets

Federal Reserve allowing for actual inflation to overshoot the 2% target to compensate for past undershoots is likely to cause a dash out of paper currencies into hard assets.

WHAT HAPPENED YESTERDAY

As of New York Close 27 Jul 2020,

  • Amazon (AMZN 3055.21, +46.30, +1.5%), Apple (AAPL 379.24, +8.78, +2.4%), Alphabet (GOOG 1530.20, +18.33, +1.2%), and Facebook (FB 233.50, +2.79, +1.2%) outperformed in front of high-profile events this week. Specifically, the CEOs of these companies will testify before lawmakers on Wednesday regarding regulatory concerns, and the companies will report earnings on Thursday.
  • In other corporate news, Moderna (MRNA 79.91, +6.70, +9.2%) received an additional $472 million from the government to advance its COVID-19 vaccine candidate.

HEADLINES:

SECOND WAVE OF VIRUS IN ASIA PROMPTS FRESH LOCKDOWNS

DAY AHEAD

  1. Fed Meeting

SENTIMENT

FX

Trading Tip (Click Pic for the full tip)

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