The Federal Reserve's latest policy meeting is set to take place this coming Tuesday and Wednesday, July 26-27, with the central bank expected to raise interest rates another 75 basis points.
On the earnings side, some of the S&P 500’s most heavily-weighted components — including Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (FB), Apple (AAPL), and Amazon (AMZN) — are among more than 170 companies scheduled to report second-quarter results through Friday.
Also in the spotlight will be Thursday's advance estimate of second quarter GDP as market participants continue to debate whether a recession is already underway. Economists expect this report to show the U.S. economy grew at an annualized pace of 0.5% last quarter, according to estimates from Bloomberg.
Professor says: - Slightly Positive GDP expected. That means: NO RECESSION announced! 💹 -Rate Hikes are NOT expected to go to even 4% (CME projections for end of 2023!) ✅
Overall, no FUD! Maybe even time to buy but wait for charts because remember:
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