So far so good for markets after the Fed meeting, Alphabet, Microsoft, & Meta earnings. The 4 factors to consider now
So far so good for markets. Right? 4 factors to consider;
1) The Fed rose rates by 0.25% as expected. Hinted rate hikes could be paused next month. Fed remains data dependent though.
2) So far most S&P500 companies have beat Q2 earnings estimates. BUT earnings are declining the most since Q2 2020.
3) $Microsoft (MSFT.US)$ & $Alphabet-C (GOOG.US)$ results both beat expectations. They're the 2nd & 3rd biggest companies in US. The number one tech juggernaut, Apple$AAPL results on Thurs Aug 3, could be a game changer.
4) The S&P500 keeps moving higher. The technical indicators look good. But, a haircut could be due
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Jessica Amir
Moomoo Market Strategist
moomoo, market strategist.
Seen/heard on Fox News Business, ABC, SBS, Reuters wires.
Investor/Trader.
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Phoebeeeee : everything is unclear![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
SpyderCall : Always watch out for the profit take. In the past, there have been instances where earnings from a company or a sector of companies have temporarily halted a strong rally. Like banks earnings or tech earnings.
Earnings have been great so far this season, so there is no call for worry just yet. But I have seen the tech sector temporarily reverse strong rallies in the market. This was in the past when the tech megacaps had much less weighting in the major indices.
The rally will likely continue. But like you said, the market is overdue for a "haircut."
Jason DEzmal Buckles : I agree with your finance take FED rate increase
Jessica Amir OP Phoebeeeee : Use long term trends as your friend. Things are clearer with a longer term view :)
相拥这个世界 Phoebeeeee : You can stop the profit first; the market has been unstable recently
Pikachu is a boy : Actually I wonder why the US NFP is so strong especially in service industry. The US service industry like restaurants food price is really high, how come so much consume demand
SeeCK : thankful