After the market’s wild ride on rate fears, earnings may be an even greater stimulus for stocks

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Last Updated on July 17, 2022 by Bitfinsider

After the market’s rollercoaster ride on increasing and sliding expectations for Federal Reserve rate rises, investors are likely to turn their attention to earnings season.

The last week saw some erratic stock prices. After concerns that the Fed would raise rates by a full point this month subsided, the three major indexes posted significant gains on Friday. Even still, markets experienced weekly losses; the S&P 500 was down about 1% at 3,863.16.

Consumer inflation unexpectedly increased by 9.1% year over year in June, sparking speculation that the Fed may be willing to combat increasing prices by doing more than the anticipated three-quarter point boost on July 27.

However, by Friday, the futures market’s expectations had changed due to remarks made by Fed officials, a surprise increase of 1% in June retail sales, and improved data on consumer inflation expectations.

By Friday, according to strategists, the market had put in only a 20% likelihood of a 100 basis point increase.

The tone of the upcoming week may be determined by earnings news as a wide range of corporations report. Monday’s disclosures from Bank of America and Goldman Sachs are part of the big banks’ ongoing reporting schedule. Results from Lockheed Martin, Netflix, and Johnson & Johnson are released on Tuesday. United Airlines and Tesla both release their quarterly reports on Wednesday. Among the companies reporting on Thursday are AT&T, Union Pacific, and Travelers. Verizon and American Express both report profits on Friday.

Along with profits, there are a few important data releases, particularly in the housing sector. The Wells Fargo/National Association of Home Builders Housing Market Index will be released on Monday. Tuesday’s deadline for housing starts and Wednesday’s deadline for existing house sales. The Philadelphia Fed manufacturing survey is on Thursday. Finally, on Friday, the manufacturing and services PMIs are both released.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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