Republic Risk: Earnings Swing Begins

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

Futures are up to start the week, building on last week's rally as investors digest the assassination attempt on former President Donald Trump and its potential implications for the upcoming elections. We're already seeing a 'Trump Bump' impact on parts of the market, with shares like DJT (DJT) surging 50% in premarket trading. This week marks the first full week of quarterly earnings, featuring reports from major players such as Goldman Sachs (GS), Bank of America (BAC), United Airlines (UAL), Taiwan Semiconductor (TSM), and Netflix (NFLX).

Last Friday, the first Big day of earnings, delivered mixed results: JPMorgan (JPM) and Citigroup (C) beat expectations, while Wells Fargo (WFC) stumbled. As we shift into high gear for earnings season, the market is buoyed by last week’s inflation data, which suggested a cooling economy and further bolstered the case for a rate cut by as early as September—a possibility curre…