Market Notes for 7/31-8/4
Recap of last week: During the past week, there was only a small range of movement, except on Thursday when we experienced a sharp spike in Treasury yields. This occurred after the BOJ announced its intention to tweak its yield curve control policy. Making it even more challenging to trade is the fact that significant market moves has happened overnight, while intraday actions remained confined to a tight 10-20 point range. It's likely that this pattern will persist until Apple and Amazon report their earnings this week.
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