Earnings, Fed Dominate This Week's Calendar

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Our View

After the July options expiration, the Nasdaq rebalance and this week's Fed meeting, I expect the air to come out of the tire. Meaning we are coming into the end of July and families everywhere will be rushing to take time off before the kids go back to school.

It feels like a short summer for the students, but for those worthy souls that are trying to navigate the S&P and Nasdaq, we should see things slow down. That should see lower volume and the resumption of the rally — AKA “thin to win.”

There are some big stock names reporting this week, but I think the Fed rate hike and follow-up presser with Powell takes the spotlight. We broke this down in Sunday night’s weekly preview.