Market Action For Last Week
- SPY (S&P 500 ETF):
- Friday July 18 close: $627.58
- Friday July 25 close: $637.10
- Gain: +9.52 points (+1.52%)
- QQQ (Nasdaq‑100 ETF):
- Friday July 18 close: $561.26
- Friday July 25 close: $566.37
- Gain: +5.11 points (+0.91%)
- IWM (Russell 2000 ETF):
- Friday July 18 close: $222.33
- Friday July 25 close: $224.38
- Gain: +2.05 points (+0.92%)
Upcoming Major Economic Reports and Potential Market Moving Events
Tuesday, July 29 – Wednesday, July 30
- Federal Reserve policy meeting concludes on Wednesday (2 PM ET)
- Powell press conference following the rate announcement
Friday, August 1
- Monthly US Jobs Report (July payrolls)
- Deadline for potential new tariffs announcement by the administration
Throughout the week:
- Q2 GDP report
- Core PCE inflation
- Other labor and inflation indicators
Upcoming Major Stock Earnings Reports
Monday, July 28
- Cadence Design Systems – Premarket
Wednesday, July 30
- Meta Platforms – Post-market
- Microsoft – Post-market
Thursday, July 31
- Apple – Post-market
- Amazon – Post-market
- Other notable reports: Merck, UnitedHealth, Boeing, P&G, Visa
Friday, August 1
- Limited big-cap reports; focus will shift to economic data
30-Day Market Outlook
I’m cautiously bullish for the next 30 days. The market is holding near record highs on strong corporate earnings and solid consumer activity. While upcoming Fed commentary and macroeconomic data may stir short-term volatility, tech leadership and a steady Fed should maintain bullish momentum. Elevated valuations suggest range-bound trading, but the broader tone remains constructive. 📈