This week will bring the first official reading on growth in the second quarter. Earnings season has been solid so far: 75% have beaten analysts' expectations. Companies are continuing to increase their guidance. The Aug. 2 deadline for raising the debt ceiling is rapidly approaching. After the market close today, investors will get results from chip maker Texas Instruments. Amazon will report on Tuesday. The market runs out of gas. We expect a mild correction very soon.
Monday, July 25, 2011
Bullish sentiment fades away
This week will bring the first official reading on growth in the second quarter. Earnings season has been solid so far: 75% have beaten analysts' expectations. Companies are continuing to increase their guidance. The Aug. 2 deadline for raising the debt ceiling is rapidly approaching. After the market close today, investors will get results from chip maker Texas Instruments. Amazon will report on Tuesday. The market runs out of gas. We expect a mild correction very soon.
