FOMC 🎙️ and the “Big Seven” U.S. stock earnings reports (Mag.7) 💰

Today is a critical turning point for the market, because two major events are happening at the same time. The market’s focus is on Jerome Powell’s final press conference as chairman. Investors are watching to see whether his wording will change—especially regarding inflation and the timing of future rate cuts. I think he clearly understands that energy-driven inflation and demand-driven inflation are different, so it’s unlikely that another rate hike will be a central topic in the near term. Also worth noting: even if he’s replaced afterward, the new chair still can’t decide interest-rate policy on their own. The Federal Reserve operates via a committee mechanism, with power distributed.
After the U.S. stock market closes, several “Big Seven” companies will release earnings reports, including Microsoft, Google, Amazon, and Meta. This will be an important test of the overall AI investment thesis. Investors don’t just want to see strong results—they also want to see a key point: whether heavy AI spending is starting to translate into real returns.
If the earnings are strong and provide clear, positive guidance, the market may continue to rise; on the other hand, if results come in below expectations or the outlook disappoints, it could trigger a pullback and put pressure on the broader market.
Ready for volatility? 🍿