Big Tech Earnings, Surging Rates Set Stage for Volatile Week on Wall Street
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Major earnings reports coming up this week from megacap companies like Microsoft, Meta, Alphabet, and Amazon. These will impact tech, social media, cloud computing sectors.
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Stocks suffered heavy losses last week with Nasdaq and S&P 500 closing near recent lows. Broad market weakness and many leading stocks cracking.
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Treasury yields surged with 10-year topping 4.9%, highest since 2007. Rising rates adding pressure on stocks.
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Investors should be in cash now, markets teetering on edge of breakdown. Use relative strength to identify potential strong stocks.
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Key earnings reactions could catalyze market rebound or breakdown. Unclear which direction right now, so stay nimble.