Two Fifteen

Two Fifteen – 31 July 2020

Quieter day today as the market tries to figure out what to do after those big tech beats overnight. Thank god for those or we would be seeing another sea of red today! One incredible stat that our charts team pointed out is Apple's cash pile is now big enough to be the 29th biggest stock in the S&P 500! The FTSE and the IBEX have been testing their support levels throughout the morning (6000 and 7000 respectively) so let’s see if they manage to close above. Vols pretty poor across the board (despite being month end) but it will be interesting to see what happens once the US opens. Nasdaq will undoubtedly be in the spotlight – a down day today would be a worry short term.

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