TGIF – Same Bat-Place, Same Bat Channel

July 30, 2021 at 08:44 AM EDT

Well, we made it through earnings. It's been a wild ride with the S&P up and down with each result but, in the end, we're back where we started from and that's pretty much the all-time high at 4,382 this morning. 4,420 was the actual all-time high and that was way back yesterday but we started the week at 4,400 – so none of this is impressive. Still, neither AAPL or AMZN were any help to the markets and those two companies are 10% of the S&P 500 by themselves – that speaks well for the broader strength . The Nasdaq started the week at 15,100 and is down 250 at 14,850 – still digesting AMZN's warning that it's not going to actually get better for the delivery giant, now that people can leave their homes again but there's still hope as the Delta Variant of Covid is shutting the World back down, so maybe AMZN does have another record quarter ahead of them? IN PROGRESS

Well, we made it through earnings.

It's been a wild ride with the S&P up and down with each result but, in the end, we're back where we started from and that's pretty much the all-time high at 4,382 this morning. 4,420 was the actual all-time high and that was way back yesterday but we started the week at 4,400 – so none of this is impressive. Still, neither AAPL or AMZN were any help to the markets and those two companies are 10% of the S&P 500 by themselves – that speaks well for the broader strength.

The Nasdaq started the week at 15,100 and is down 250 at 14,850 – still digesting AMZN's warning that it's not going to actually get better for the delivery giant, now that people can leave their homes again but there's still hope as the Delta Variant of Covid is shutting the World back down, so maybe AMZN does have another record quarter ahead of them?

IN PROGRESS