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This Week's Outlook: Earnings Season Begins, CPI Data and Middle East Tensions Test the Resilience of US Stocks

This Week's Outlook: Earnings Season Begins, CPI Data and Middle East Tensions Test the Resilience of US Stocks

汇通财经汇通财经2026/07/13 01:06
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  1. In the coming week, the US stock market will face multiple challenges: the official start of the second-quarter earnings season, critical inflation data release, and ongoing escalation of the Middle East situation. Despite heightened market volatility recently, the S&P 500 index remains near its historical peak, having gained over 10% so far this year.
  2. The Middle East situation remains a core variable for the markets. Investors maintain heightened vigilance over developments in Iran, with US crude oil prices jumping nearly 4% in early trading on Monday. Macquarie strategists noted that crude price movements could determine the urgency of the Federal Reserve’s next rate hike—whether it acts in September or October.
  3. The June CPI report, to be released on Tuesday, will be in the market spotlight. Investors will closely monitor core inflation indicators to assess whether rising oil prices are gradually spreading to broader inflation. Thursday’s PPI and retail sales data will further provide clues regarding inflation and consumer strength. Following the hawkish signals from the Federal Reserve’s June meeting, expectations for a rate hike have already risen, and Chair Walsh will testify before Congress on monetary policy for the first time this week.
  4. For earnings season, major banks such as JPMorgan and Goldman Sachs will kick off reports on Tuesday, setting the tone for a robust earnings season with expected growth of 23.4%. Well-known companies, including Netflix, BlackRock, and Johnson & Johnson, will gradually release their results. The market will closely watch consumption trends and credit conditions reflected in bank credit card businesses.
  5. Glenmede strategists stated that geopolitical news, the start of earnings season, CPI data, and market skepticism about AI trading are converging simultaneously. Investors need to strike a balance between strong corporate profit expectations and persistent geopolitical risks.
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