V2 Model August 5 2023 Update

Will The Bearish Week Continue With Inflation Data Incoming?

August 05, 2023

Recap

It was a huge week of earnings that resulted in stock market losses. Apple (AAPL) and Amazon (AMZN) were the earnings reports that carried the most market-moving weight. Those reports garnered mixed reactions from investors, propelling shares of Amazon 8.3% higher on Friday while Apple fell 4.8%. Overall, the price action this week was driven by a big jump in long-term rates that provided an excuse for participants to take some money off the table in a short-term overbought market.

V2 was down this week but made small gains against the SP500.

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