Busy week coming up!
Here is the “Big Picture” right now and things to watch for:
-More new highs on S&P 500 – for now
-Still no deal with China – delegation heading to Shanghai this week
-What about Iran . . .?
-FOMC meeting July 30-31. Expectations high for a rate cut
This coming week
-Q2 earnings continues: Old school (Procter & Gamble, U.S. Steel, MasterCard) and New school (Beyond Meat, Wayfair, Etsy)
-Reports on consumer confidence, construction spending and manufacturing activity all due, with the Biggy; July jobs report on Friday, August 2.
Here is this week’s update video:
As always, I welcome your questions, comments and feedback.
Trade safe. Keep your winners big and losers small!