Earnings season is essentially over, leaving the focus on the Federal Reserve’s September policy meeting. Markets expect a 25-basis-point rate cut, though a 50-point move is possible after weaker labor data, including the sharp downward revision of nearly one million jobs from prior years. The market has already rallied in anticipation, so the risk is that the decision is priced in, which could lead to a selloff. But at the same time, Powell’s post-meeting remarks may set the tone for whether momentum continues higher.
The trade front remains quiet with no resolution expected until the Supreme Court reviews the legality of tariffs in November. Current rates will remain in place, creating uncertainty for businesses and trading partners. A reversal later would require refunds or make recent concessions by partner nations appear foolishly ill-timed. The detention of Hyundai employees by ICE also underscores rising challenges for foreign firms investing in the U.S. While the administration highlights trillions in corporate commitments, such strains raise doubts about how firmly those investments will hold as global companies reassess their strategies.
Monday
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Tuesday
Retail Sales
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Wednesday
FOMC Interest Rate Decision
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Thursday
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Friday
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Tracking This Week
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GameStop Corporation (NYSE:GME) posted solid earnings, showing profitability and growth for the first time in years. Price action has been muted, likely due to the issuance of warrants to shareholders instead of dividends. The move is creative but difficult for investors—especially retail—to value. Even if upside remains limited, the stock should find support into the October record date for warrants.
Palo Alto Networks Inc (NASDAQ:PANW) has extended its earnings momentum, logging steady weekly gains since last month’s report. The setup looks favorable for a breakout, though broader market sentiment is the key risk. Even if momentum pauses, technical support sits not far below, providing some cushion.
Workday Inc (NASDAQ:WDAY) appears ready to push higher. Like other enterprise software names, it has been caught in the AI displacement narrative, yet its growth and earnings trends suggest those fears are overstated, at least over the next several years. As investors reassess, enterprise software names like Workday should see renewed interest.
