The markets are poised for a week of uncertainty as they hover around record levels. Earnings from key players like Alphabet and Tesla are expected, while the Federal Reserve remains in a blackout period. President Trump may continue to criticize Fed Chief Jerome Powell. The market’s direction remains unclear.

President Trump faces a self-imposed Aug. 1 deadline to secure trade deals, or tariffs may return. Despite the looming threat, investors have remained unfazed. Strong earnings from companies like JPMorgan, American Express, and Delta have driven markets to record highs amidst geopolitical tensions.

Corporate earnings have been impressive, with 83% of S&P 500 companies beating expectations. This outperforms historical averages. The positive trend in earnings has boosted market confidence, with analysts highlighting the strength in corporate performance.

Tesla CEO Elon Musk aims to revive investor confidence as the stock struggles. The company’s upcoming earnings report will shed light on challenges such as political volatility and weak EV demand. Analysts, like JPMorgan’s Ryan Brinkman, remain cautious about Tesla’s sales trajectory and valuation.

Alphabet’s stock is strong ahead of earnings day, despite concerns over its price-to-earnings ratio. The company must deliver on key fronts, including strong ad performance, a robust YouTube platform, and effective cost controls amidst aggressive investments in AI infrastructure. Analysts stress the importance of meeting these expectations.

Read more at Yahoo Finance: Tesla stock in search of an earnings charge: Opening Bid top takeaways