July 18, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today. 

Good Bank Earnings

Please click here for a chart of the S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart compares ETF SPY with Nasdaq ETF QQQ and bond ETF TLT.  The chart further compares four big bank stocks Bank of America (BAC), Citigroup (C ), Goldman Sachs (GS), and JP Morgan (JPM).
• The chart shows that bonds made a low first in June.  The bond low was followed by a low in QQQ  and then by SPY.