This week is not quite the “busiest week of the summer” that we had last week but we have no shortage of things occurring. We are in the last week of what can be described as the heart of earnings season led by the big dogs Apple and Amazon this week. Matt broke down the earnings season over the weekend on the Trading Justice Podcast and while we had a decent week last week lifting the overall numbers, earnings season has came in about at the levels analysts had expected. We will see if there are any surprises this week.

There certainly were a few surprises on the economic front last week perhaps none bigger then when the Atlanta Fed’s GDP now model released their forecasts for GDP growth for the coming number. Their initial forecast for growth for the third quarter in the United States was 3.5%.  This is a BIG number and Matt and Mark spend a lot of time talking about the ramifications of this number in this week’s podcast which you can check out here.

This week brings us employment week so there will be no shortage of things adding to the economic storylines and we will break it all down on the Halftime Report this week. Have a great start to your week everyone!

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Chart of the Day: S&P 500 (SPX)

It has been relentless over the last couple of months but the S&P 500 booked another winner last week as the trend remains strong. Some argue too strong as we start to get in overbought readings and extended from major moving averages. It has been quite a two months for the bulls!

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Today’s lineup

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the Coaches at Tackle Trading can deliver.

Weekend Reports

Watch the Stock, Options, Commodity, and Tackle Newsletter Reports to help you prepare for the week.

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