The markets are off to another good start this week as all charts appear to be in the GREEN as we head into the new trading week!
If that weren’t enough good news, this week also has quite the collection of events scheduled that are sure to sway the markets, hopefully in a positive direction…
Included in this week’s upcoming events is the release of the July jobs report, the publication of more earnings data, updates on infrastructure talks and much more!
Earnings Start Things Off
Things start off with a bang this week as big names like Ferrari, Simon Property’s, Eli Lilly, Marriott, Ralph Lauren and NXP Semiconductors release their latest batch of earnings reports to the public. (Interestingly enough, despite the decline of brick-and-mortar locations, Simon Property’s is up this Monday, showing a profit of 0.48%. This is further proof that, despite the odds, the American mall has some life left in it, yet.)
A Focus on Infrastructure
The parade of earnings data updates continues throughout the week, but in the world of politics, there are more important things on the agenda. This week, Team Biden continues their talks on U.S. infrastructure reform which includes President Biden’s proposed $1 trillion plan to “rebuild America.”
A focus on American infrastructure is one of the few topics that both governing parties have managed to agree on, yet, despite the agreement on the results, it’s the method of implication that has tripped up members of Congress for the past several months…
Republican lawmakers continue to stress the hidden leftist agenda within the overall bill laid out by the Biden administration that, yes includes infrastructure reform, but also contains multiple pro left policies that have many conservative politicians concerned and wary of moving forward.
President Biden has proposed splitting up the bill, allowing for a vote on the agreed upon portion first and then focusing on the more controversial portions after infrastructure reform gets underway, however, this proposal has also been met with its own batch of issues as the battle to rebuild America continues on.
A Familiar Face Returns
This week will also see the return of a familiar face, former President Donald Trump. Trump is expected to headline a fundraiser for New York Republicans in Westchester this Thursday.
According to the invitation, tickets for the event start at $1,000 per guest with the added opportunity to have a photo taken with the former President for guests willing to pay upwards of $5,000 per ticket. And if that weren’t enough, certain VIP guests who are willing to pay $25,000 per couple will be presented with an invitation to the reception plus a roundtable opportunity!
This event is a continuation of the Trump Parade of 2021 as the former President makes his way from event to event across the country in support of Republican politicians and keeping his name in the spotlight for another potential run in 2024.
Learn More Here…
Well, there’s this week in a nutshell, folks! As you can see, there’s no shortage of events in the days ahead that could sway the markets one way or another.
If you’re interested in learning more about this week’s markets and potential money making opportunities, we encourage you to join DTI founder and 40 year market veteran Tom Busby below as he shares his take on the days ahead.
P.S. – If you haven’t opened up Tom Busby’s Little Black Book, do it now!
Within its top secret pages, you’ll discover a batch of trading secrets that Wall Street has tried to keep away from you for years!