Stocks could continue to gain momentum this week as traders turn their attention to earnings results after last week's softer inflation news. Both inflation prints — CPI and PPI — were the last major economic reports before the July Fed meeting. In fact, Fed speakers will go dark this week as the committee enters a "blackout period" until the 25th. In this time, traders will turn their attention to earnings. Market participants are expecting results to turn in a third straight quarter of lower profits, but those low expectations could leave room for positive surprises. |
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