Earnings season kicks off its busiest week, with four Magnificent 7 technology stocks. In addition, the Fed meeting and the monthly jobs report provide crucial data.
The 2nd busiest week of earnings includes Magnificent 7 companies and 2Q GDP. The rise of small-caps and banks illustrates the expectations of rate cuts and no recession.
Easing Inflation Ignites Fed Expectations And Small-Cap Stocks
While earnings season has begun well, inflation was primarily responsible for the broad rally. Earnings, retail sales, and Fedspeak will be the focal points this week.
What To Watch As Second-Quarter 2024 Earnings Season Begins
The 8.8% earnings gains provide a higher hurdle. Expected earnings growth is higher in the second half of 2024, so attention will be paid to earnings guidance.
