Morning Look

Just in, the advance estimate for Q2 GDP showed a steep 32.9% contraction , which was better than feared but significantly worse than the 5.0% contraction in the first quarter. 

Futures are lower by about 1% on average.

It will be a big aftermarket today as FB, GOOGL, and APPL will report earnings.

Silver and gold are finally seeing the long overdue pullback. This was expected. GLD is lower by about 0.4% and silver futures are lower by about 3.8%.

Correction. STNE and PI were sold the other day. I neglected to update P&L on the site properly. My bad, sorry for any confusion. It’s corrected.