THE WEEK AHEAD — Jul 27 to Aug 2
🇺🇸 High-Impact Economic Events (ET)
Wed Jul 29
• 2:00 PM — Federal Funds Rate (fcst 3.75%, prev 3.75%)
• 2:00 PM — FOMC Statement
• 2:30 PM — FOMC Press Conference
Thu Jul 30
• 8:30 AM — Advance GDP q/q (fcst 2.3%, prev 2.0%)
• 8:30 AM — Core PCE Price Index m/m (fcst 0.1%, prev 0.3%)
📊 Notable Earnings
Tue Jul 28
🌑 After hours: $BE
Wed Jul 29
🌑 After hours: $MSFT, $META, $ARM, $QCOM, $HOOD D
Thu Jul 30
🌑 After hours: $AAPL, $AMZN, $COIN, $MSTR, $RIV...
$SNXX Extends Its Slide, Down Over 35%
The bleeding continues for this leveraged ETF product, with $SNXX now down more than 35% over the past 24 hours. Price fell from a high of 15.98 down to a low of 9.89, currently trading at 9.92 with the market in overnight session. This is a continuation of the same steep breakdown seen earlier, now deepening further rather than stabilizing.
Looking at the 15-minute candles, the pattern is one of relentless pressure. After the initial sharp crash from the...