Author: John Pugliano
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Q2 earnings are showing robust growth…MARKETS DROP BROADLY
All is rosy with corporate earnings announcements and yet today the market DROPS broadly- S&P500 declined 2%…falls well below 50 day moving average NASDAQ declines 2.09%…drops to 50 day moving average So what gives? Argentina defaulted (for the second time in 12 years)…they’re a small insignificant country but maybe that’s prompting a reality check of…