Today's Highlights

• Risk Appetite is Back
• Google Smashes Earnings
• BTC 8K!!!

Traditional Markets

Risk appetite is back in the markets!

Regardless of all the talk about trade wars and fed tightening, looking at the charts this morning it's easy to see that investors are ready to take on some risks today.

The stock markets are green across the board, commodities seem to have found their footing and even the altcoins are shooting for the moon.

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Google Earnings

One thing that could be boosting investor sentiment today is the phenomenal earnings report delivered by Alphabet last night.

Overall, Google's parent company posted a revenue gain of 23.9% over the last year in advertising revenue and posted a gain of 36.5% in their "other revenues" category. The Earnings Per Share (EPS) comes out to $4.4, which is much higher than analysts were forecasting.

The EPS would have been $11.75 if not for the massive $5 billion fine from the EU antitrust lawsuit.

Shares soared in after-hours trading and are expected to open today at a brand new all-time record high around $1,250 per share.

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Also, the crypto community is getting excited about Google because....

Crypto Rally Continues

As indicated above, it's not just bitcoin that's flying today. Contrary to what we've been seeing over the last week, this morning it seems that the altcoins are finally benefiting from the renewed crypto enthusiasm.

During the Japanese trading session, Bitcoin managed to take out the key psychological level of $8,000 per coin, clearing the way for a possible move up to $10,000. As of this writing, the price of bitcoin is up a total of 38% from it's lowest point of the year, which was made less than a month ago on June 29th.

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Let's hope this rally continues.

As always, let me know if you have any questions, comments, or feedback. I'm always happy to hear it.