Investors Cautious Amid Israel-Gaza Tensions, Rate Uncertainty Ahead of Big Earnings Reports
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There are widening uncertainties around Israel-Gaza, Washington, rates and earnings season causing investors to be sidelined.
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This week has the biggest earnings reports with 162 companies reporting including MSFT, GOOGL, META, AMZN.
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Backloaded economic data this week includes GDP on Thursday and PCE on Friday which could sway markets.
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Small businesses have high exposure to floating rate debt so are more vulnerable to higher rates.
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Markets bottom on bad news so there will be a point equities reverse on seeming bad news, signaling a bottom.