Week Ahead: July 14 - 18

This will be a jampacked week for economic indicators and big banks' Q2 earnings reports. We are relatively optimistic about the latter, which should be bullish for the stock market. The inflation news may show some signs of tariff-related warming. Consumer-related data are likely to be be mixed. The White House will probably keep tariffs and the Fed in the news on a daily basis. On balance, we expect the stock market to be choppy over the remainder of the summer into early fall before a yearend rally. The stock market's V-shaped pattern during H1 should look more like a square-root sign in coming months.

Consider the following: