Choppy Waters This Week

Macro Perspectives: Wed 28 Jul 2021

Major US benchmarks remain range-bound ahead of a week packed with earnings, central bank decisions, and key economic data.

Many large-cap technology names report this week, including the likes of Apple, Alphabet, eBay, Facebook, and Amazon.

Market participants may remain tepid ahead of this week’s FOMC interest rate meeting as investors and traders look for clues regarding rate hikes and tapering. Despite modest gains in US equity benchmarks, the VIX briefly traded back above 18 on Monday, perhaps signaling choppy waters may be ahead given the amount of event-risk in the near term.