Another hot inflation report and the start of earnings season make for a challenging week ahead

Another hot inflation report and the start of earnings season make for a challenging week ahead

  • Consumer inflation data and the start of the second-quarter earnings season could set the course for markets and result in volatile trading in the week ahead.
  • The June consumer price index on Wednesday is expected to show headline inflation, including food and energy, rising above May’s 8.6% level.
  • “The street has not really changed the [earnings] estimates. Revenue growth has ticked down. Margins are compressing. Analysts are leaving their estimates unchanged,” said one strategist. “If there’s going to be a readjustment, this is the time.”

https://www.cnbc.com/2022/07/08/another-hot-inflation-report-q2-earnings-make-for-difficult-week-ahead.html


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