Mag 7 Earnings - Something will Break (Ceiling or Floor?)
797 stocks reporting earnings next week
Notables include GOOGL LLY CAT META MSFT COIN AMZN AAPL XOM CVX MA V
$15 trillion in market cap at play as the US markets are still very close to all-time highs with a melty-uppy vibe. I'm cautiously bullish and could certainly see the highs get blown off with strong earnings momentum dominating the sentiment. I could also see Mag 7 disappoint investors with "not enough growth" and any pullbacks on Mag 7 will certain drag on the entire market.
Survive next week, then it's onto the US Election, FED, Non-Farm Payroll. No big deal, it's just trading :)
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