There’s a head-spinning quantity of stories for markets to navigate within the week forward, the most important of which would be the Federal Reserve’s midweek assembly.
The 2 largest U.S. corporations — Microsoft and Apple — report Tuesday and Thursday, respectively. Google mother or father Alphabet releases outcomes Tuesday, and Amazon experiences Thursday. Meta Platforms, previously Fb, experiences Wednesday. In all, greater than a 3rd of the S&P 500 corporations are reporting.
On high of which can be a number of hefty financial experiences, which ought to add gasoline to the controversy on whether or not the economic system is heading towards, or is already in, a recession.
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The Fed is predicted to ship financial experiences this week, together with the anticipated one other 75 level price hike, which can add gasoline to the controversy on whether or not the economic system is heading towards, or is already in, a recession.
The SPX is at present down 17.41% YTD. Do you suppose we’re heading towards, or are we already in a recession?