Market Briefing For Tuesday July 2
Shuffling neutrality - prevailed to kick-off July; and there's no change from my prior commentary related to prospects for some broadening and ideally during the first half of this month.
Due to personal issues today I'm not going to type more aside the video and of course the charts. Enjoy the holiday week; and I'll be back later tomorrow; and yes I do have an afternoon medical follow-up appointment which should not inhibit my doing a Briefing tomorrow.
Oil was very strong and I continue to think it's primarily 'hurricane risks' but so far there's nothing hitting the U.S. or hobbling refiners; so maybe war concern in the Middle East is contributing. It's not particularly rising demand some say.
Finally, some media pundits 'speculate' that President Biden already made a decision 'not to seek reelection', but nobody is confirming that and others like the White House press folks, deny that. So we'll see.. we don't know although we do know the President is struggling to keep going and not at all 'on point', even if his staff is correct that he's attentive in meetings and asks questions.. in many ways people are asking 'who' would be the best challenge to Trump; and sad as it is, some say Biden continuing to run inhibits the Party. It's not a fun time in American politics, that's for sure.
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