Weekly US Stock Macro Outlook Highlights (July 13–17, 2026)

July 13 (Monday)

1. Federal Reserve Governor Waller delivers a speech assessing employment data and monetary policy room.
2. TSMC releases June sales data, serving as a key observation window ahead of its Q2 earnings.

July 14 (Tuesday)

1. Federal Reserve Chair Warsh makes his first congressional testimony as Chair, focusing on the semi-annual Monetary Policy Report; ★★★★★
2. 8:30 AM ET: Release of US June CPI and Core CPI. Institutions expect headline CPI YoY to ease to 3.8%-3.9%, with Core CPI YoY around 2.9%; ★★★★★
3. Major Wall Street banks (JPM, BAC, GS, WFC, C) report Q2 earnings before the market open. Focus on investment banking performance, net interest income, and credit quality signals; ★★★★★
4. Federal Reserve Governor Waller speaks.

July 15 (Wednesday)

1. 8:30 AM ET: Release of US June PPI and Core PPI, providing clues on upstream price pressures.
2. Federal Reserve Chair Warsh testifies before the Senate Banking Committee, continuing to comment on inflation and interest rate paths.
3. ASML reports Q2 results before the market open. Watch for new orders, EUV deliveries, and full-year guidance to gauge AI capital expenditure; ★★★★★
4. MS, BLK, and other banks/related firms report earnings before the market open.
5. Speeches by Chicago Fed President Goolsbee, New York Fed President Williams, and others.

July 16 (Thursday)

1. 8:30 AM ET: Release of US June Retail Sales, testing consumer spending resilience under high interest rates.
2. TSMC (TSM) reports full Q2 results before the market open. Key focuses: AI-related revenue, advanced process utilization rates, and full-year capital expenditure plans; ★★★★★
3. Netflix reports Q2 results after the market close. Watch for subscriber growth, advertising business performance, and second-half guidance; ★★★★★
4. 2:00 PM ET: Federal Reserve releases the Beige Book.

July 17 (Friday)

1. Speeches by Dallas Fed President Logan, Federal Reserve Vice Chair Jefferson, and others.
2. The 2026 World Artificial Intelligence Conference opens in Shanghai (July 17–20).

Core Themes for US Stocks This Week: The market will revolve around Fed Chair Warsh’s congressional testimony, June CPI/PPI data releases, latest signals from Fed officials, Q2 earnings from the major Wall Street banks, as well as the big AI/tech earnings tests from ASML, TSMC, and Netflix. Inflation data and policy signals are expected to dominate market sentiment, with heightened volatility likely. Traders should pay close attention to reactions around data releases and the early stages of earnings season.