AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
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Two themes developed with fresh economic data released last week. First, June inflation data painted a mixed picture. The second theme revolved around consumers, who continued to be a source of strength for the economy.
Covestor manager Gregg Giboney says the economy continues to chug slowly ahead — a thesis backed up by the latest sentiment data.
Semiconductor stocks are approaching their lower Bollinger Band. The group could continue to decline this week. even as its bullish momentum appears to have become more balanced.
