Two Fifteen

Two Fifteen – 24 August 2020

We started the week on a positive note as we are seeing mostly green on our screens. The FTSE / IBEX are both back above 6000 and 7000 respectively and the SX5E is above its 50 & 200dma (although still in the past months range of 3054 to 3451, target is 3451 July high). Over the pond, big tech stocks will be again in spotlight after the S&P made a new all-time high and closing high on Friday. Apple trading higher premarket and getting very close to being as big as the Russell 2000 (AAPL $2.170T, RTY $2.22T). Elsewhere big week for Donald Trump as the Republican National Convention kicks off today. He plans to speak every night so get ready for a noisy week.  

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