📈 The US stock market is showing growth!
• Key indices are reaching new highs amid expectations for reports from major tech companies.
• This week, results will be published by: Tesla, Alphabet, IBM, Intel, and other corporations that together make up about 20% of the market value of the main index*.
💡 Context:
→ Strong consumer demand in the US and the start of the reporting season are supporting a positive sentiment among investors (‘risk-on’).
→ In Europe and Asia, caution remains due to trade risks and the strengthening of the Japanese yen.
→ 83% of companies that reported last week exceeded earnings per share (EPS) forecasts*.
🔮 What’s important:
• July 23 - Speech by Fed Chairman Jerome Powell on bank regulation (the last before the regulator's 'quiet period').
• The market estimates the probability of a rate cut in September at approximately 56%.
₿ Crypto market:
• Bitcoin is holding positions around $118,000.