Big Market News Pending

July 21, 2022
Author: Peter Stolcers, Founder of OneOption

Earnings guidance and next week's FOMC will be critically important

PRE-OPEN MARKET COMMENTS THURSDAY – The price action during the last week has been good and the market has been able to fend off hot inflation numbers. Trading volume is light and the conviction level is low. In the next week the news floodgates will open. Major earnings releases will include the tech giants and the FOMC is expected to hike rates by 75 basis points. These headlines will fuel the market in August.

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