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July 20, 2024 | Tech Talk for Saturday July 20th 2024

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

North American equity markets experienced substantial rotation last week: Out of the technology sector and into other economic sensitive sectors such as Transportation, Banks and Biotech.
Second quarter results released to date have been significantly higher than consensus.  According to www.FactSet.com 80% of reporting S&P 500 companies have released a positive earnings surprise and 65% reported a positive revenue surprise.

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July 20th, 2024

Posted In: Tech Talk

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