July 27 Update

Busy week with many events.  This comes with the financial markets at important levels.  Earnings, Fed meeting, and economic data.

Busiest week for earnings.  4 big ones - MSFT & META Wednesday.  AAPL & AMZN Thursday. 

Fed meeting – decision announcement on Wednesday.  30% probability of a rate increase at this meeting.  Much higher probability at the September meeting – maybe 90%.

Economic data – Consumer confidence Tuesday.  PCE & GDP Thursday.

Global developments could move markets. 

Markets are fragile. 

Interest rates are moving up.  Inflation might be increasing. 

Nasdaq is down 8% from the ATH on early June. 

Earnings have been good but AI investments might need more capital which brings in risk that the return is delayed and perhaps smaller than predicted.