Get Ready for a Busy Week

The stock market is a bit lower this morning. This will be a busy week for Wall Street. We have lots more earnings plus the Fed meeting. About one-third of the S&P 500 is due to report earnings this week.

This is the final week of trading for the month of July, and it looks like it could be the market’s best month of the year so far. Tech stocks are lagging so far today, and energy stocks are doing well.

For this week’s meeting, traders see a 77% chance of a 0.75% rate increase. Assuming that’s correct, traders are about evenly divided on the outlook for the September meeting. About half see a 0.5% increase, while the other half sees a 0.75% rate increase.

The GDP report is due out on Thursday. This will be the government’s first look at how well the economy did during the second three months of this year. Wall Street is expecting small but positive growth.

Posted by on July 25th, 2022 at 10:42 am


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