Earnings and fiscal debate could be catalysts for stocks in the week ahead

Congress returns from its break and should pick up the pace of negotiations towards a new fiscal stimulus package, which is expected to address aid for state and local governments and enhanced unemployment benefits. Benefits, including the $600 additional weekly payment for the millions collecting unemployment is expected to be a hot topic of discussion, as the benefit ends on July 31.

Now strategists are watching to see if the froth will be let out slowly or blow off in a big move that takes the rest of the market with it. Emanuel said the volatile reversal in the Nasdaq does not bode well for the Nasdaq, and it could see a 10% correction. There's been a surge of retail activity in some of the frothiest names, such as Tesla, which surged from about $1,000 at the end of June to a high of $1,795 during Monday's session. It is since about $300 per share lower.

When Congress broke for the July 4 holiday, there was a big divide on how much stimulus should be added, on top of the $2.4 trillion already adopted. The Democratic proposal was for $3 trillion, while Senate Majority Leader Mitch McConnell said no more than $1 trillion. Now the gulf has narrowed, butCornerstone Macro's Andy Laperriere said the package could now be $1.5 trillion or more, more than he expected just several weeks ago.

Keeping the retirement fund Ponzi scheme from collapsing is the main thing.

Why does CNBC categorize most coverage from the Trump Administration as 'rhetoric'? Major policy statements are not RHETORIC!

Freedom just code for you are on your own in a society of 340 million so a handful can make billions

HEROES Act! HeroesAct NancyPelosi Congress

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to invest amid Q2 earnings, stock-market risks: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Weak earnings drag European stocks lower ahead of ECB meetingEuropean shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while investors waited to hear from the European Central Bank. printing high share prices coming? Dump the EU... Embrace your sovereignty... Respect your country and yourself once again.
Source: Reuters - 🏆 2. / 97 Read more »

Stock futures fall as China data weighs ahead of bank earnings, economic dataU.S. stock index futures fell on Thursday after a surprise drop in China's retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and economic data to gauge the pace of a domestic rebound.
Source: Reuters - 🏆 2. / 97 Read more »

These five companies reporting earnings in the week ahead almost always beat the StreetCNBC Pro crunched the numbers using data from Bespoke Investment Group and found five stocks with a strong track record of exceeding Wall Street estimates when it comes to quarterly earnings. Pro Ezekiel and the prophetic creatures: the bull, the eagle (US), & The lion which is England. Always start the Bull represented Spain but it may represent this, hmmm.
Source: CNBC - 🏆 12. / 72 Read more »