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UN Secretary-General António Guterres strongly condemns Saturdays attack on the UN Interim Force in Lebanon, which resulted in the death of a French peacekeeper and injuries to three others.On April 19th, Iranian Parliament Speaker Mohammad Ghalibaf posted on social media, stating, "In the third war imposed upon us, we have undoubtedly surpassed our past capabilities in offensive strategy and design, a fact already proven on the battlefield." Ghalibaf claimed that Iran shot down approximately 180 drones, a capability it lacked previously. The downing of the F-35 was not accidental, but rather a comprehensive operation at the technological and design levels, from which the enemy has recognized Irans capabilities and direction. He emphasized that Iran is not militarily stronger than the United States, which possesses more resources, equipment, and experience, and Israel, as its proxy, is also very powerful. However, Iran successfully repelled its enemies through asymmetric warfare design and preparation. While the enemy has money and resources, it has repeatedly made mistakes in strategic decision-making and military design. Ghalibaf also criticized the US government for claiming "America First," but in reality prioritizing Israel and making decisions based on false information from Israel.April 19 – Asian Development Bank President Masato Kanda stated that the yen could face further pressure if the market perceives the Bank of Japan as too slow to address inflation risks. Kanda, a former top foreign exchange diplomat for Japan, told reporters Friday evening that investors are buying dollars during periods of global tension, partly because the US is an oil exporter, but even if these positions are unwound, the yen is unlikely to appreciate significantly against the dollar. He said, “The biggest reason is the interest rate differential. With the market particularly focused on potential actions by the Federal Reserve, if many believe the Bank of Japan will lag behind the curve in addressing inflation risks, the yen will be left behind.” Speaking in Washington this week at meetings of the International Monetary Fund and the World Bank Group, Kanda added that investors might also sell yen if they are concerned about Japan’s fiscal sustainability.The China Earthquake Networks Center officially reported that a magnitude 3.4 earthquake occurred at 05:27 on April 19 in Ando County, Nagqu City, Tibet (32.62 degrees north latitude, 90.36 degrees east longitude), with a focal depth of 10 kilometers.U.S. State Department: All parties agreed to facilitate the free movement of humanitarian personnel, assets, and humanitarian convoys.

S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout

Florala Chen

Oct 24, 2022 15:55

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But the U.S. central bank will enter its blackout period this weekend, a specified phase in which officials cannot talk publicly or give interviews before an approaching FOMC meeting, which has recently been engulfed by hawkish Fedspeak and sucked all the air out of the equities market.


Investors will then have the chance to turn away from the forecast for monetary policy and instead concentrate on other significant events, such as the current earnings season.


Several megacap firms with significant representation in the S&P 500 and Nasdaq 100 are expected to report their results the following week. Since both benchmarks give them a lot of weight, the market's response to their reports might cause volatility and influence how Wall Street traders behave. The reports from Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon are the ones to pay close attention to (AMZN).


Selling pressure on stocks may start to lessen if these powerhouses can produce strong results and provide encouraging comments about the future, improving mood and risk taking. The S&P 500 and Nasdaq may rise in response to this situation. Due to significant macroeconomic headwinds, such as very high inflation, declining economic growth, and tighter financial conditions, this may prove to be a difficult task for some of these IT enterprises.


Whatever the case, Snap's (SNAP) dismal financial results, which sent the social media company's shares down over 30% on Friday, may portend bad news for companies that get most or all of their income from selling digital advertisements. This might pose a serious issue for Google's parent firm, Alphabet, as well as Meta.


Meanwhile, because of the increased possibility of a recession, Microsoft, Apple, and Amazon may be vulnerable to reduced demand. It's vital to note that recent expenditure cuts by both consumers, whose buying power has been severely reduced by high inflation, and companies dealing with an uncertain future, have added to the gloomy picture for Corporate America.


The majority of "the awful," meanwhile, has already been discounted since investors are so heavily hedged and ready for the worst. This implies that for the market to crash, there will need to be a significant negative surprise (train wreck of outcomes). On the other side, a little failure on results and guidance can alternatively trigger a relief rally that is boosted by lean liquidity and low positioning rather than a generalized meltdown.


The following table details the expected financial results from Wall Street and the release dates for Alphabet, Microsoft, Meta Platforms, Apple, and Amazon.

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