Mike Giordano
michael@wwmgreenville.com
The markets have had a nice run over the last couple weeks. This upcoming week may tell us whether it can last. It’s going to be a busy week of data, as much as any we’ve had this year.
The tech giants report 2nd quarter earnings this week—Apple, Amazon, Microsoft, Google, Facebook. They make up such a large share of the S&P 500 so what they report and their outlook for the future will likely be a big catalyst for the markets. So far, earnings season has been a mixed bag. Not great, yet not nearly as bad as some forecasters predicted. But, this is the telling week as the heavyweights get set to have their say.
Meanwhile, we can’t ignore the biggest fish in the financial sea–the Federal Reserve. On Wednesday, the Fed is set to announce another mega rate hike—probably 75 basis points–3/4s of one percent. Chairman Powell’s comments following the meeting will be another catalyst. I’ll be on WYFF News 4 afterwards breaking it all down.
Then on Thursday we get the first read on 2nd quarter GDP. If we get a negative print, that would make it two quarters in a row and definitely amp up the recessionary talk.
Oh, and as if we didn’t have enough data, on Friday we get the next big look at inflation with the PCE report.
Like I said, this is a monster week for the markets. We’ll be paying close attention and bringing you our insights as always.
If you have questions or concerns, reach out.
This material is provided as a courtesy and for educational purposes only. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.
The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. Indexes are unmanaged and do not incur management fees, costs, or expenses. It is not possible to invest directly in an index.
A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors, of the issuer.
This material is provided as a courtesy and for educational purposes only. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.
The Dow Jones Industrial Average (DJIA) is a price-weighted index of 30 actively traded blue chip stocks. Indexes are unmanaged and do not incur management fees, costs or expenses. It is not possible to invest directly in an index.
A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors, of the issuer.
