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For Markets, This Is the Start of the Biggest Week of the Summer
By Brandon Chapman
It's really tough to overstate how important the next four sessions are going to be.
The Fed will begin to lay out its plan for rate cuts. Some of the biggest companies on the planet are announcing earnings. And there's a little employment announcement coming Friday.
So, saying there's "significant" potential for volatility is putting it mildly. Last week's bout of chop was sparked by negative reactions to Google and Tesla earnings. Now we're staring down the barrel of Microsoft, Apple, Meta, and Amazon. So the stakes are even higher.
Not fazed by the prospect of four of the Magnificent Seven reporting? Well, how about those rate cuts? There's a lot of hay made these days about a September cut… but the market is pricing in three cuts by the end of the year. That's astonishing given the inflation still happening, but the July meeting could well be a way for the Fed to set the rate-cutting agenda for the rest of 2024.
Earnings, rate cuts, and jobs - any one of these factors could ignite fierce volatility, and we've got all three to contend with. They could come and go with a whimper, but we absolutely have to brace for impact.
Here's how…
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Time to Take Your Financial Future Into Your Own Hands
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