To The Moon

The major U.S. indexes recorded small declines, falling for the 12th week out of the past 15. $S&P 500(.SPX)$ ,$NASDAQ(.IXIC)$ ,$DJIA(.DJI)$.

With the U.S. annual inflation rate now at 9.1%, policymakers face pressure to approve another big interest-rate increase at NEXT Wednesday’s (July 26-27) U.S. Federal Reserve policy meeting.

As of last Friday, the Indexes and Market weekly and YTD performances are as below:$S&P/ASX 200(XJO.AU)$ decreased 1.8%,$Straits Times Index(STI.SI)$ declined 1.8%.

Technical AnalysisNotes

​$S&P 500(.SPX)$  day trend price still under the presure of DA30 Level at 3,873 point. And monthly chart we are temporary to see the price is above MA30 at 3868 point. From a historical view, whenever$S&P 500(.SPX)$ rebounded from 30-MA level in 1 month, that means a positive trend for longrun. If the index contitue to decline below the level , that would probability see a downtrend.

So, the July indexes change are really matters to the market, Especially the Q2 earnings season of US stocks, their later earnings growth expectations will be an important variable for investors to evaluate the company and stock prospects. And a number of factors that investors focus on during the Q2 earnings season could determine whether U.S. stocks bottom out or hit new lows. 

$Goldman Sachs(GS)$,$Bank of America(BAC)$,$IBM(IBM)$,$Halliburton(HAL)$,$Netflix(NFLX)$,$ASML Holding NV(ASML)$,$Tesla Motors(TSLA)$,$American Airlines(AAL)$,$United Continental(UAL)$.

Below are some Macro, stocks, and Economics info worth to look at.

Macro Factorsto Focus

No Inflation Relief: After climbing to an annual rate of 8.6% in May, the CPI rose to 9.1% in June, the highest level since November 1981. Excluding volatile energy and food prices, core inflation rose 0.7% on a month-to-month basis, up from 0.6% in the previous two months.

Retail Resilience: U.S. retail sales rose 1.0% in June, slightly above expectations despite surging inflation and recently weak consumer sentiment readings. However, the sales gain that the government reported on Friday wasn’t adjusted for inflation, which rose 1.3% in June, indicating that real sales were slightly negative.

Earnings Kickoff: A handful of major U.S. banks kicked off earnings season with mixed results. Analysts were forecasting that second-quarter earnings for banks in the S&P 500 fell 26% from a year ago, in part due to higher costs from provisions for loan losses, according to FactSet.

China's Slowdown: The Chinese government reported that the nation’s GDP expanded by 0.4% in the Q2, marking the weakest year-over-year growth since the pandemic began. Recent COVID-19-related lockdowns in major Chinese cities have weighed on growth.

Sectors Performances

Source from finviz.com

Last week, we can see all sectors declined, with Coummunication Services ,the previous weeks' sector winner, dropped 4%, the most in last week. 

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Top 10 Stocks by Market-Cap' s Performances

$Apple(AAPL)$ ,$Microsoft(MSFT)$ ,$Alphabet(GOOG)$ ,$Alphabet(GOOGL)$ ,$Amazon.com(AMZN)$ ,$Tesla Motors(TSLA)$ ,$Berkshire Hathaway(BRK.B)$ ,$UnitedHealth(UNH)$ ,$Johnson & Johnson(JNJ)$ ,$Visa(V)$ .

The Top Gainners of S&P500 are as Below:

$Southwest Airlines(LUV)$ ,$Citigroup(C)$ ,$United Continental(UAL)$ ,$NXP Semiconductors NV(NXPI)$ ,$Boeing(BA)$ , $Qualcomm(QCOM)$ ,$Synchrony(SYF)$ ,$Molson Coors(TAP)$ ,$Analog Devices(ADI)$ ,$Clorox(CLX)$ .

Other Markets:

Inversion Deepens: The yield of the 2-year U.S. Treasury bond remained above the yield of the 10-year bond, and the gap widened as the week progressed, with the 2-year yield at around 3.13% on Friday and the 10-year at 2.93% Such a so-called yield curve inversion is often seen as a sign that economic trouble is around the corner, as past inversions have often preceded recessions.

Sub $100 Oil:  After briefly falling below $100 per barrel the previous week, $Light Crude Oil - main 2208(CLmain)$ fell below that threshold and stayed there as recession fears weighed on energy demand. However, the surge in the US dollar has made the crude oil demand prospects poor, and the crude oil market is expected to be affected by the economic recession and supply shortages.

Gold Price Hits 15-month Low: The analysis of the World Gold Council pointed out that the strength of the US dollar, the weakness of the commodity market and the adjustment of traders' positions may be the main reasons for the continuous decline of gold prices $Gold - main 2206(GCmain)$ . 

The Week Ahead: 18-22 July

Monday

• Housing Market Index, National Association of Home Builders

Tuesday

• Housing starts, U.S. Census Bureau

Wednesday

• Existing home sales, National Association of Realtors

Thursday

• The Conference Board Leading Economic Index for the U.S
• Weekly unemployment claims, U.S. Department of Labor

Friday

• No major reports scheduled