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Market Brief

Market Brief: July 23, 2021

It was a mixed day in economic news on Thursday, but the Bulls only heard the command to charge in the Fuel Markets. On the downside, first time unemployment claims rose unexpectedly this week, and the Conference Board’s leading economic indicators came in lower than most estimates. On the positive side, Southwest Airlines and American Airlines parroted United and Delta’s view of leisure travel having all but fully recovered and business travel growing faster than forecasts. With Thursday’s gains, Monday’s Covid fears have been wiped from the ledger leaving the Bulls ahead on the week. In short, Supply remains strained while Demand continues to grow. Advantage Bulls.

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