This week we have:
1. Four Magnificent 7 companies report earnings: Microsoft, Google, Meta, and Tesla
2. Nvidia, $NVDA, officially down 20% from its peak
3. Super Micro Computer, $SMCI, down nearly 50% from its peak
4. March PCE inflation data is reported
What’s your boldest prediction for the week?
Earnings season is about to take recent volatility up a notch.
If big tech cannot perform well this earnings season, $SPX will enter correction territory.
There’s a lot on the line and it begins this week.
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now earnings determine the trend