Rising interest rates have been a main focus for investors since early this year, when the Fed began an attempt to catchup to rampant U.S. inflation by tightening monetary supply, but Apple and other, lesser Big Tech earnings are on tap. Which matters more to the market and investors?
“A look at sentiment indicators suggests that Americans are eyeing the rate decision by the Fed more closely than upcoming tech earnings, and that makes sense,” wrote Peter C. Earle, economist at the American Institute for Economic Research. “Inflation is hitting Main Street very hard right now.”
June’s inflation data came in hotter than expected, prompting analysts to predict that the Fed could raise the federal-funds rate by at least 0.75%, and as much as 1% at the end of its July meeting next Wednesday. A 1% increase would be the biggest interest rate hike since the 1980s, and would heighten concerns that the economy could dip into a recession.
“If they come in with a 75-basis-point hike as we expect, but soften the language about future hikes it would be a huge boost to markets next week,” said Luke Tilley, chief economist at Wilmington Trust.
For some experts, however, the Fed’s decision may actually take a back seat to tech earnings.
“FAANG earnings along with Microsoft will be front and center for investors to give some better direction/clarity on the overall demand environment in this shaky macro with the tech sector already slowing hiring across the board,” said Wedbush analyst Daniel Ives.
MacDailyNews Take: As always, it won’t be about “what have you done” (fiscal Q3 earnings) so much as “what will you be doing for us in the foreseeable future?” Any color that Apple provides on the July 28th conference call about the upcoming quarter (fiscal Q4) will be crucial.
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“What matters more next week?” and the weeks to come.
Indictments!
Right on! Hunter’s going to jail !!
Maybe Bannon and Trump will hook up there
Bring the evidence and no argument from me. But remember, Hunter was never part of the government. Got it Marjorie?
“No, I’m not aware of my son’s business dealings.”
–The Big Guy
An obtuse point.
But OK. Yes, as a private citizen doing business using his father’s influence as Vice President, Hunter gained access to fly Air Force Two multiple times on the taxpayer dime.
Sole purpose making himself WEALTHY with the “Big Guy” in the DARK. Not hampered by zero business experience in Ukraine, China and Russia. Not to mention the federal gun and drug laws Hunter violated in the states and sex trafficking in Russia.
But hey, after all still free as a bird enjoying his women, drugs and money. Front row seat in the White House last week as a sign, the media won’t touch him and Dad controls the DOJ and appointed the Attorney General.
Life is good and thanks Dad, could not have done it without you…Hunter.
I will await your comments on the $2B infusion of cash into Jared’s fund, and of course, the Chinese paying Trump, and we paying Trump for use of his properties while in office. Trump is recorded calling the Emolument clauses of the Constitution stupid. Coincidence?
You know… fair and balanced. So try Hunter, it try them all.
PS… $2 B Saudi funds.
YES indeed, try them ALL!
While we’re at it, how bout the millions infused into the Clinton Foundation from Russia and others around the world when Hillary served as Secretary of State. Not to mention the uranium deal with Russia she participated in closing the deal.
After Hillary lost the election in a HISTORIC DEFEAT to inexperienced and political newcomer the Don, magically the money and and foundation went…poof!
Not a surprise, just like those pesky 30,000 e-mail government requests were simply wiped with a cloth?
Oh, lastly, remember years prior when Hubbie president was having unprecedented fun with an intern, the elusive Rose Law Firm law records requests during legal proceedings were lost? Months or was it years later later magically appeared in the middle of the day, on a table in the White House, imagine that. 🤣
Wall Street Journal
Dec. 30, 2015 2:34 pm ET
“More than two dozen companies and groups and one foreign government paid former President Bill Clinton a total of more than $8 million to give speeches around the time they also had matters before Mrs. Clinton’s State Department…”
Guess that would be for the Big Girl…
Marjorie doesn’t get it. She and her MDN fanboi club thinks the USA should be a single-race, single-party theocracy. She and Sam say so openly, though they will deny it. This is the amazing thing about liars and cheats. They attack others for the bad behavior that they demonstrate in greater frequency themselves.
It’s amazing how many self proclaimed patriots have no clue what the Constitution allows.
First your orange blow hard would have to come up with actual facts instead of gross insinuations, then by all means take Hunter to court.
Despite claiming to hire the best, it’s interesting how many of Dumbo’s advisors have been indicted.
Keep shadow boxing, MDN trolls. An intelligent person would have seen through the endless Trumptard Lies.
Keep giving yourself an uppercut, LiberalTroll
Exactly right, JustAcitizenforJustice! Put me down as another Patriot citizen in the good fight for Justice.
It’s always AMUSING extreme leftists like Country Joe and Apple Cynic [welcome back BTW], WISHFULLY CHEER people only of the party they despise head to jail, deserving or NOT.
But the reality is people of their own party, far more deserving with provable criminal acts, they act DEAF, DUMB and BLIND.
Refusing to objectively see the truth, certainly guilty of the classic DOUBLE STANDARD, and worse, PARTISAN HYPOCRISY…
So called conservatives, going back to Reagan, have made it impossible for me to support a Republican. I’ve always found them to be against civil liberties and pro corporate in my voting career. Worse than the Dems anyway.
But right now, the best thing that could happen to the country is for the Republican Party to support Democracy again.
“So called conservatives, going back to Reagan, have made it impossible for me to support a Republican.”
The conservatives during the Reagan years are much, much different today. Made up of new arrivals from the Democrat Party [over a million switched since 2021] gays, black, Hispanics, Muslims, women — you name it.
I had issues with the checkered pants country club Republicans of the 50s and 60s, but same as the JFK Democrats are practically nowhere to be found, the lone exception the “Never Trumpers” of today cling to their corporate and military overlords.
That said, pro corporate is BOTH parties today with Apple the largest, Google, Facebook and Twitter, et al. I don’t believe the woke crap the Neo Democrat Party of AOC present day is actually for the people. In a sense they are, with one important exception — ONLY for THEIR PEOPLE who vote Democrat, cause daily they routinely dismiss independents and all Republicans be damned.
“Worse than the Dems anyway.” Look, the good Democrats like I said are history. Dems are absolutely the worst today they have ever been and no one can deny it. Dems daily CANCEL and BOYCOTT and CENSOR people with different beliefs as God awful terrible as simply owning a gun or going to church on Sunday. C’mon, man!
But help is on the way. The Supreme Court in a recent string of opinions continues to SLAP DOWN the installed POTUS for weaponizing the administrative state of unelected bureaucrats and government agencies. The decrees of a TRUE DICTATOR attempting to pass laws end arounds when Congress is the sole authority. The Biden mask mandate for all businesses struck down in the winter is just one example.
Another example: “In the case of West Virginia v. EPA, the Environmental Protection Agency (EPA) attempted to force America’s electric utilities to switch from fossil fuels to wind and solar. On June 30, the Supreme Court ruled that the Biden administration had no authority to do so.” Full story:
https://www.theepochtimes.com/brick-by-brick-courts-build-a-roadblock-against-bidens-administrative-state_4610519.html
You don’t see it yet, but I see Republicans are for the republic and Constitution, cherished personal freedoms, pro growth policies, energy independence, border security and lower taxes for ALL the people to mention a few.
Think different AC, current political climate is not what it was 60+ years ago…
Thank you. Had some alternate personas for a while, the. Suddenly my profile got unblocked. Maybe an intern returned to their momma.
Don’t mention it.
Thought I detected your acerbic dialogue from time to time. 😎
Game on man!…👍🏻
Wow, AppleCynic finally says something worth agreeing with. There’s a first time for everything!
I’m right about the Apple crap too! 🙂
Uncle Joey cleaned his plate like a big boy. He’s getting pull up diapers soon!
I bet he doesn’t have Covid. Libtards just had to get him out of public view after his fist bumps with his bro from the Middle East.
Ironically, Dumpty nearly died from COVID after over a year of telling everyone that the virus was as mild as the flu. He doesn’t say that anymore but you still politicize a health epidemic that killed over 1 million Americans (of all political persuasions).
Also, you know very well every US president including Dumpty goes hat in hand to Saudi Arabia to beg for more oil. It’s a US addiction, and you make it clear regularly that you don’t want to get clean.
You nailed it!
HA, Your idyllic idea of “clean,” is admirable, until you realize/admit that it’s attainable–at this time–by only those with wealth…or healthy expendable income. For MANY in the World, it’s unattainable and for MANY it actually impinges on survival. (Sidenote; a tech that lives dies by subsidies is either a poor option, or premature.)
Even a country like Germany, that was committed to the “clean” agenda, learned in real time, “renewables” aren’t so renewing. Burning coal in Germany has returned in earnest, because survival is kind of important and it’s not even close to winter.
There’s a caller on line 1 from Sri Lanka…can you take a few questions about ESG from them? There are some food producers from Holland and Canada that have questions for you too.
You pretend another OPEC embargo couldn’t bring the US to its knees again. You must be too young to understand. If China outbid the US for the remaining mideast oil, which as a nation with a product surplus they can for an extended time, it’s the beginning of the end of the overextended American empire. Even if you don’t understand renewable energy, you should at least realize that decades of US deficits are continually pushing the country to insolvency. You bitch about that, but you mistakenly blame “libturds” instead of looking at your own excessive consumer lifestyle. If you whine about $5 per gallon now, just wait for the big one. All you propose to do about it is consume more (“freedom!”) to bring your downfall faster. News flash, you aren’t free if you’ve burned all your natural resources. If the US invested now in alternate domestic energy sources, at least there would be domestic jobs and a backup domestic supply for those who planned ahead. Multimillionaires of course will tell you not to change anything. On average each American could offset his electric use if he replaced his tar roof with solar shingles. Instead roofing companies in the US import labor that you hate because US kids are too busy playing video games, and we slather rooftops with disposable oil refinery waste. The US should make more energy and stop cow towing to non democratic oil suppliers that will bleed the US dry.
Who’s pretending? Who’s lacking understand of renewable energy? Who’s blaming libturds? Who is saying consume more?
Are you taking to someone in your house, or responding to thoughts in your head?
Everyone who bitches about the price of gas and politicizes it, whether they admit it or not, is fundamentally proposing that the USA becomes LESS sustainable and MORE dependent on foreign nations. You don’t have to say the words to know your desires.
Sadly the average vehicle in the USA is so inefficient, it burns significantly more than equivalent vehicles in other markets, to accomplish no greater productivity. Some people further politicize this by “rolling coal” with their obscene gas guzzlers. This is the most stupid thing you can do with a non renewable resource.
It should be common sense that the waste has to stop. The USA would be well advised to do everything possible to kerb its oil use, which doesn’t happen when the government tinkers with the market to subsidize cheap fuel. The USA has perhaps one generation to get self sustaining, or good luck with your next mid east resource war. How many trillion will you spend there next time?
I am afraid that it’ll not be good for the techs earning reports because of higher dollar and slow hiring .
Trumpets at Moscow Daily Nonsense are busy sounding the false alarm about the dollar being “weak” on another page. Never mind that in reality the US dollar is stronger than at any point in The Donald’s wannabe reign. The Fed was printing money as fast as it could through the worst of the pandemic and Narcissist In Chief would have issued more greenbacks with his flabby face on them if the treasury had let him.
Yes dollar stronger, but your cherry picked point does not relate positively to the economy as a whole. Try the FULL STORY next rant…