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Friday, July 19, 2019

MSFT Sets A Positive Tone - Earnings Season Cranks Up Next Week


One Option Trading Blog https://ift.tt/2OeiRtM Posted 9:30 AM ET - The market has been choppy this week ahead of major earnings announcements. Microsoft posted better-than-expected results yesterday and the stock is making a record high this morning before the open. This should set a positive tone for the tech sector. Domestic economic releases this week have been strong (retail sales, Empire Manufacturing, initial claims, Philly Fed, and the Beige Book). As long as our data points don't falter, traders will ignore the negative global undertow. China's economic numbers were also bullish earlier in the week (GDP, retail sales and industrial production). The two largest economies in …

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