A.M. Look 7/31/23

Month end. Those that sell all day because we can’t possibly go any higher will be in for a long day.

Yen crosses pretty much says it all.

After this week I’m looking for a slow couple of weeks as everyone hits the door for an end of summer getaway.

This will include me.

After this week I will not be publishing any written research unless there is a big change in the board.

Time to recharge for an anticipated busy fall.

“The most successful traders speak in probabilities of one thing over another. Not one dares pound the table and state something with absolute certainty.” I have friends who can change their minds twice in the same sentence. They’re the survivors. In their wake are those who needed to be right.

Eric Peters

This Week
* Monday: Earnings expected from Avis, SoFi, and Sonoco
* Tuesday: Job openings report and earnings expected from Aflac, AMD, Bloomin’ Brands, British Petroleum, Caesars Entertainment, Caterpillar, Denny’s, JetBlue, Marriott International, Merck, Molson Coors, Norwegian Cruise Line, Pfizer, Pinterest, Starbucks, Sysco, and Uber
* Wednesday: ADP nonfarm employment report and earnings expected from Bausch + Lomb, Cheesecake Factory, Fastly, Garmin, Kraft Foods, MetLife, MGM Resorts, PayPal, Phillips 66, Public Storage, Robinhood, Shopify, Spirit Airlines, and TripAdvisor
* Thursday: Jobless claims and earnings expected from AB InBev, Adidas, Airbnb, Amazon, Apple, Bally’s, Block, BMW, Cigna, Coinbase,ConocoPhillips, Dolby, DraftKings, Dropbox, Eventbrite, Expedia, Hasbro, Hyatt, Kellogg, Moderna, Nintendo, Papa John’s, Shake Shack, Symantec, Warner Bros. Discovery, Wayfair, and Yelp
* Friday: Nonfarm payrolls and earnings expected from Cinemark and Fisker

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