From Nasdaq: 2024-07-26 13:19:00

The S&P 500 has experienced minimal pullbacks this year, with the largest drawdown reaching only 6% in April. Market volatility may lead to strength in August, as historical data shows. Inflation remains subdued, with the core PCE rising 2.6% year-over-year. Second-quarter earnings season is off to a solid start, with earnings up 7.6% on higher revenues.

Some tech giants like Microsoft, Facebook, Apple, and Amazon are set to report earnings next week. Small-caps continue to outperform, and market breadth remains strong despite recent pullbacks. The VIX index is reversing from a 3-month high, indicating a potential buying opportunity. Analysts are optimistic about certain stocks potentially surging after earnings announcements.

The Fed’s upcoming monetary policy decision may include interest rate cuts, with the core PCE rising 2.6% over the past year. Earnings season is underway, with solid results reported so far and more tech companies set to announce earnings. Market volatility may present buying opportunities, especially for certain stocks expected to surpass analyst expectations.



Read more at Nasdaq: Has the Recent Selling Bout Come to a Screeching Halt?