Friday Oct 11, 2024
Stock Market Next Week: Key Economic Data Releases Next and What Investors Need to Know
šWelcome to Market Dive, your weekly deep dive into the world of finance and investing!
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In this episode, Nika and Kian delve into the kickoff of the third-quarter earnings season, the latest inflation reports, and the market's reaction to Tesla's recent robotaxi event. They will also provide a comprehensive market outlook and discuss key events to watch in the coming weeks.
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Highlights:
- How have major banks' strong performances impacted the kickoff of the earnings season?
- What are the implications of the recent cooling inflation data for Federal Reserve rate cuts?
- Why did Tesla's robotaxi event disappoint investors and analysts, and what are the potential market repercussions?
- Which key economic data releases should investors watch, and what potential impact could they have on the market?
The third-quarter earnings season has kicked off with strong performances from major banks like JPMorgan Chase and Wells Fargo, setting a positive tone. UBS predicts a slowdown in S&P 500 EPS growth to 5-7%, primarily due to the energy sector, but excluding energy, growth is expected to be 8-10%. The "Magnificent Seven" tech giants are anticipated to continue driving growth.
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Tune in to this episode of Market Dive as Nika and Kian provide in-depth analysis and insights into the current market landscape. With strong early earnings results, cooling inflation, and expectations for Fed rate cuts, there's a lot to unpack.
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#Finance #Investing #EarningsSeason #Inflation #Tesla #EarningsSurprises #MarketMovers #FedRateCuts #InflationWatch #TeslaDrama #TechGiants #StockMarketTrends #InvestmentStrategies #FinancialInsights #MarketPredictions
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