👀 Today in the USA, the corporate earnings season kicks off

➡️ Analysts are in agreement: growth is slowing down

✏️ FactSet expects that S&P 500 companies' profits will increase by only 4.8% in the second quarter — the slowest pace since the end of 2023.

✏️ LSEG is slightly more optimistic — 5.8% compared to 13.7% in the first quarter.

✏️ UBS has already lowered its profit growth forecast for the entire year of 2025 to 6%, warning of a possible technical recession in the second half of the year.

✏️ JPMorgan is also cautious: inflation and import tariffs may slow down EPS growth, and the year-end target for the index has been lowered to 6300 points.

✏️ Charles Schwab confirms: inflation and trade risks are pressuring companies' margins.

➡️ But there are also bullish forecasts:

✏️ Goldman Sachs raised its target for the S&P 500 to 6500 points, citing steady demand for AI stocks and no signs of recession.

✏️ Sanctuary Wealth expects the index to rise to 7000 (+12% from current levels).

✏️ Deutsche Bank sees the same range — 6800–7000.

➡️ What does this mean for the crypto market?

✏️ If the reports disappoint, capital may start flowing into crypto as an alternative asset.

✏️ If the reports are strong, crypto will still gain momentum — as part of the overall rally.