According to some traders, it seems like July has brought an early Christmas for the market. The Nasdaq is displaying notable gains, and the Dow closed higher for 13 straight sessions through 26th, July. Moreover, corporate earnings continue to pour in, especially from various tech companies on the horizon. This influx of earnings might be seen as a big test for the ongoing tech-stock rally.
In this edition of the Monthly Journal, we will dive deep into the c...

💡 Summary:
• Production of consumer goods slumps most since early 2021
• Output dropped 0.5% in June for a second month, Fed says
• Boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
• Manufacturing may benefit some in coming months as retailers get inventories more in line with sales and the pace of goods inflation slows
The June index of production at factories, mines and utilities decreased 0.5...

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