July Recap: After a Surprised Rebound, Welcome a Positive August?
@TigerObserver:
Notes: Dozens of major companies will report earnings in this week, but Friday's jobs report could be the main catalyst for the market.The major U.S. stock indexes rallied last week after the FED's hiked rates decisions. The $NASDAQ(.IXIC)$ had its biggest one-day percentage gain in 2 years, surging 4.1% on last Wednesday. The U.S. Federal Reserve enacted a 75bps rate hike on Wednesday in continued efforts to dampen inflation, U.S GDP contracted at -0.9% in the Q2 of 2022, fanning fears of a recession.For weekly performances, we can see 3 major U.S. stocks indexes see 3%~4% increases. As of July,