The stock markets have been surging, with the S&P 500 climbing an impressive 8.2%, the Dow posting a 6.3% gain, and the NASDAQ skyrocketing by 10.8% since early June!

Can the Rally Continue into August?

As we approach August, known for its typically weaker market performance, the burning question remains: can this rally sustain itself? The signs point to a strong possibility.

Earnings Season Shows Promising Results!

We’re in the heart of a robust earnings season. Over 34% of S&P 500 companies have reported, with a staggering 80% delivering positive surprises for both earnings per share and revenue. Last week saw key reports from major players like Tesla and Alphabet, but this week is set to shine even brighter.

Upcoming Powerhouse Reports!

The spotlight will be on the 'Magnificent Seven' tech stocks. Meta and Microsoft are slated to report on Wednesday, followed by Apple and Amazon on Thursday. The earnings season will close with NVIDIA at the end of August, promising an exhilarating finale!

Key Economic Indicators to Watch!

Beyond earnings, keep an eye on the Federal Open Market Committee meeting occurring Tuesday and Wednesday. While a rate cut isn’t expected right away, analysts are anticipating a more dovish tone, hinting at possible cuts in September.

Important PCE Report Coming Soon!

This Thursday will bring the Personal Consumption Expenditures (PCE) report. Economists are forecasting a rise in PCE by 0.3% for June, which would mark a significant uptick from May’s 0.1%. Core PCE is also set to increase, indicating persistent inflation concerns.

Stay Tuned for More Insights!

I’ll delve deeper into the Fed's implications and the PCE data later this week in my Market 360 update. Make sure to check back for crucial insights! Meanwhile, I’ll be discussing broader economic indicators in this week’s Market Buzz, so don’t miss out!

Navigating the Markets with Seasonality!

I’ve been emphasizing seasonality's role in market movements this year. With my new Navellier Edge model portfolio—a collaboration with TradeSmith—we combine analytics and seasonal insights to position ourselves optimally in the market.

This strategy lets investors dive into A-rated and B-rated stocks at their peak times! If you missed the recent webinar, it’s still available temporarily—catch it before it's gone and grab two free trade ideas as a bonus!