The week ahead is one of the busiest weeks of the Q2 earnings season which includes some of the largest and most popular traded companies. The releases that I am particularly intrigued by are Apple, Amazon.com, Alphabet and Caterpillar.
As for economic data, the first iteration of second quarter GDP will be released, which is expected to show the worst contraction in economic growth since the Great Financial Crisis. The additional item I will be closely watching and listening to will be the FOMC meeting announcement and Chairman Powell’s follow-up press conference. Very few expect the FOMC to make adjustments to its monetary policies, however, their comments about the future path of their policies, the health of the U.S. economy, and the end of the CARES Act will be closely watched.
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