Defense stocks had a good week too I got in LMT early last year on a pretty bad entry price and was in the red pretty much ever since, but now I am finally back in the green for that position
Traders are pricing in a 100% chance of at least one Fed rate cut in July https://www.cnbc.com/2019/06/19/tra...y.html?__source=sharebar|twitter&par=sharebar So the market thinks the rate cut is a done deal, would be pretty tough for the FED to back off next month even if the incoming economic data are pretty good
should be interesting to see if we start to finally pullback a little next week, albeit the end of next week is month and quarter end, so maybe a little window dressing? it looks like we had a nice bit of excess on the high this morning in the market profile in the /ES futures today. we spiked up over the ONH (overnight high) from a few days back, and more importantly we finally made the new ATH in the RTH session...kinda of like a look above and fail. we shall see if anything meaningful comes of it. have a great weekend everyone!
