Philly Fed Index Showing Continued Growth

Commenting on the key economic releases, th Philly Fed Index and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreThe major indices are all trading in the red at midday following a bearish overnight session and an encouraging morning bounce on Wall Street. The technically weak tech sector has been weighing on the broader market this morning, and the Nasdaq got close to its correction low from last week at the open, but bulls stepped in to buy the dip yet again. The large-cap benchmarks are all trading near their 50-day moving averages, a…

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