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The second quarter earnings cycle is coming to a close with 89% of the S&P 500 constituents on the board for announcing their earnings, while the week ahead includes names like Cisco, Macys, and Applied Materials.
As for economic data, sentiment for consumers and small-businesses will be widely watched as uncertainty regarding the pandemic continues, however, the headline releases will be inflation and retail sales. Retail sales have mounted a strong comeback after an epic collapse during the pandemic shutdown, however, will the comeback continue or will it slow as the number of coronavirus cases continued to climb higher July.
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