"Recap July 17"

Stocks came under pressure, with the S&P 500 finishing at session lows to extend its losses for the week to 1% so far. Treasurys caught a sharp bid, with the 10-year yield dropping back below 2.05%. Energy and metals prices saw a notable divergence.

Make a note that stocks opened strong and stayed that way for a few hours yesterday and then they started to fade for the rest of the day with just a few holding gains such as Amazon, Facebook and Beyond Meat.

Enjoy the ride!

                                             The trend is up, no hedges on.

Interest rate futures continue to price 100% odds of a rate cut at the next Fed meeting on July 31.

Stocks edged lower for a second straight session today and today was the second lowest volume day of the year on NYSE.