After a decent week, the market met major weakness Friday on strong GDP numbers which assures the Fed will raise rates very soon. We saw the majority of the weakness in the momentum and Nasdaq stocks and notably the FANG stocks which weighed down the whole market. There was a ton of strength in financials, healthcare and transportation stocks. Definitely raised a lot of cash Friday but was able to hold onto many of our earnings season winners which held up staggeringly.
A ton of earnings slated up for next week as well.
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