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- Weekly Brief - 7/22
Weekly Brief - 7/22
Earnings, Events, Elections -- Oh My!
Welcome, and thank you for subscribing! It has been a HOT summer in the markets thus far and we will look to continue with this weeksโ edition!
Listen up traders, this is what we have in store:
NEWS
Biden to Step Down as Democratic Nominee
Who will be the Democratic Nominee?
In a surprising turn of events, President Joe Biden has announced his decision to drop out of the 2024 presidential race, citing personal and health reasons. The announcement has sent shockwaves through the political landscape, as Biden was widely expected to seek re-election. In his statement, Biden expressed gratitude for the support he has received throughout his political career and emphasized the importance of unity and continuity in leadership. He also highlighted the achievements of his administration, including significant strides in economic recovery, healthcare, and climate change initiatives.
The Democratic Party now faces the urgent task of rallying behind a new candidate who can build on Biden's legacy and present a compelling vision for the future. This unexpected development has set the stage for a highly competitive and unpredictable election season, with both parties scrambling to adjust their strategies in response to this monumental shift.
EVENTS
Earnings Report - Week 29
We have some big companies reporting their earnings this week that you def want to be aware ofโcheck below to see who reports when! To keep this BRIEF ๐ (get it?) we are only going to make note of earnings reports which we think are a little more relevant ๐
Monday, July 22
Before Market Open | Verizon (VZ) |
Tuesday, July 23
Before Market Open After Market Close | Spotify (SPOT) UPS (UPS) GE (GE) GM (GM) Coca-Cola (KO) Lockheed Martin (LMT) Tesla (TSLA) Alphabet (GOOGL) Visa (V) |
Wednesday, July 24
Before Market Open After Market Close | AT&T (T) Chipotle (CMG) Ford (F) IBM (IBM) |
Thursday, July 25
Before Market Open After Market Close | American Airlines (AAL) Southwest Airlines (LUV) Dexcom (DXCM) |
Friday, July 26
Before Market Open | 3M (MMM) |
EVENTS
Important Data Events - Week 29
Alright peeps, these are important data events to watch out for this weekโwe will include them in the weekly editions as well, so no need to stress if you donโt get them all right now. Just open our morning updates and they will be there for ya ๐
๐ = less important
๐ด = more important
Tuesday, July 23
10a EST | ๐ Existing Home Sales ๐ |
Wednesday, July 24
3:15a EST 3:30a EST 4:00a EST 4:30a EST 9:45a EST 10a EST 10:30a EST | ๐ด French Manufacturing PMI ๐ฅ ๐ด German Manufacturing PMI ๐บ ๐ Flash Services PMI (Europe) ๐ด British Manufacturing PMI ๐ต ๐ด Flash Services PMI (USA) ๐ ๐ New Home Sales (USA) ๐ ๐ด BOC Press Conference ๐ |
Thursday, July 25
4a EST 8:30a EST 11a EST 7:30p EST | ๐ German Business Climate ๐บ ๐ด Unemployment Claims ๐ ๐ ECB Pres. Lagarde Speaks ๐ Tokyo Core CPI ๐ฃ |
Friday, July 26
8:30a EST 10a EST | ๐ด Core PCE Price Index ๐ ๐ Revised UoM Consumer Sent |
WEEKLY TRADING LEVELS
FUTURES INDICIES
Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.
Use them to guide your charting, happy trading! โ๏ธ
ES 5721 5708 5679 5632 5604 5584 5559 5541 5519 5444 5393 5305 | NQ 20986 20780 20640 20430 20081 19739 19660 19520 19400 19260 19200 18990 |
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FEATURED CONTENT
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Here is a short 10 minute video put together by ImanTrading, it is a great intro that is engaging and interestingโEnjoy!
Thank you for reading everyone! Feel free to refer your friends if you enjoyed the publication.
Peace out, happy trading! ๐
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