Jul. 24 at 11:13 PM
That CapEx guidance from
$GOOGL is bullish news for the AI infrastructure stocks, so when the market sentiment begins to improve, we should see some heavy buying in those stocks.
We saw added downside pressure from escalating geopolitical tensions, rising oil prices, and higher bond yields. Those factors weighed heavily on the market yesterday.
The biggest catalyst next week is the FOMC meeting, with the Fed's interest rate decision on Wednesday at 2:00 PM ET, followed by Kevin Warsh's press conference.
Keep an eye on the headlines over the weekend regarding Iran, and look for any signs of de-escalation because that could be a positive catalyst that gives the market a boost heading into next week. Also, pay close attention to oil prices.
I hope everyone has a great weekend. I'll see you all next week!