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FOMC, Jobs and Housing Data, Earnings Set Up the Trading Week Ahead


S&P 500 Earnings have been quite strong, with almost 70% beating EPS estimates as we reach the halfway point. TheStreet’s Jill Malandrino points out the Week of July 28 will continue to be dominated by earnings, as well as key macro data, including FOMC, GDP, Housing, Consumer, ADP and Non-Farm Payrolls. Traders and Investors will particularly look to Jobs Data, not just for the unemployment rate and number of jobs created, but, more importantly, the quality of jobs created and wage growth improvement. The Sectors most widely represented on the earnings calendar are Consumer, Healthcare and Energy. Momentum traders will especially be interested in reports from Herbalife, Twitter, 3D Systems and Tesla.