Choppy Monday Leads To Strong Rally

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Thursday, July 22, 2021

In a week of choppy trade, it’s nice to see the broader markets bouncing off of support as we head toward Friday. The S&P 500 had a strong finish for the third session in a row, closing at 4,367.48 (+0.20%). While the single day return isn’t astronomical, this move caps off an extremely strong reversal from Monday’s low of just 4233.13 (or a +3.17% reversal).While many will speculate on the severity and economic relevance of the new Delta strain of COVID-19, new opportunities will likely appear daily as we make our way toward the last week of the month. There have certainly been exciting happenings within the micro cap space as well, but we’ll get to that later. First, let’s dig into the S&P and sector analysis.

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