Spooked.
With Biden finally realizing last Sunday that he needed to walk the plank, the Democrats swiftly clearing the runway for Harris and the resulting shift in the election narrative, Wall Street’s prior assumption of a comfortable Trump victory in November was thrown into some doubt. It always had the potential to be a volatile week anyhow with a flood of Q2 earnings reports, including from some high profile names, as well as big GDP and inflation data releases and so it proved to be.
On Monday morning, the dip buyers at last returned from a one week vacation as the tech stocks that had been…
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