CPI data will be released this week, and the financial reporting season is here🟤
The market will next focus on CPI data later this week, which is expected to rise 0.3-0.4% month-on-month, with OER (owner equivalent rent) and tourism prices rising. In addition, the financial reporting season will return in full force after this week. Citi, JPM and Wells Fargo will kick off their third-quarter financial reports on Friday. Nearly 80% of S&P 500 companies will announce their results in the next three weeks, and profit forecasts have already been announced. Pretty stable and the EPS threshold will be slightly higher than the past two quarters.