July Has a Dense Schedule of Major Global Asset Events—U.S. Stocks May Be Even Harder to Endure Than in June

After June’s market action, which went up and down, is finally about to be over, don’t rush to relax—July might be even more of a hassle than June! This month is packed with major events that could move global assets, with a heavyweight milestone basically every few days. Stocks, gold, cryptocurrencies, and bonds will likely all see further ups and downs. Below is a breakdown of the key July events—each one is worth keeping a close eye on:

**July 1: Nonfarm Payrolls and Unemployment Rate Data Released**

Employment and inflation data jointly determine the direction of policy. If the data comes in strong, rate-hike expectations will be hard to suppress, and technology growth stocks will find it difficult going; if employment cools, the market will start to wager on a shift toward high valuations, and the tech sector may get a breather.

**July 3: Market Closed**

With thin holiday market liquidity, if anything unexpected happens externally, markets are prone to gaps after the holiday. It’s advised not to go too heavy on your positions.

**July 9: ECB Meeting Minutes Released**

Watch how many participants insist on tightened, hawkish wording. If hard bond yields move higher, gold and the tech sector will face pressure; if the wording softens, the market will trade expectations of easier policy, and gold and tech may see a rebound.

**July 10: SK Hynix Lists on Nasdaq**

This isn’t just about a single company. Market recognition of SK Hynix will directly affect confidence across the entire AI industry chain, serving as a litmus test for how hot AI sentiment is.

**July 14: Super Week Begins**

• CPI data will be released that day, followed by PPI data the next day. If inflation rises, expectations for tightening will heat up; if inflation falls, risk assets may find support.

• On the same day, banking giants will release their earnings reports—this reflects the underlying tone of the economy, and the subsequent week of dense tech earnings is the real highlight.

**July 15 and the Second Half of July: A Deluge of Tech Giant Earnings**

• Starting July 15, ASML, Netflix, and TSMC will be the first to release results; in the latter part of July, Microsoft, Meta, Google, Apple, and Tesla will follow in sequence.

• What the market cares about isn’t just how much profit is earned, but whether AI spending will be stepped up and whether data center spending will expand. If they keep pouring money in, the entire supply chain—from computing power and chips to servers—will benefit; if they cut spending, AI’s high valuations will need to be reassessed.

**July 22–23: AMD AI Conference**

Focus on the new chip roadmap and data center strategy—this will directly shape global AI industry-chain sentiment.

**July 30: Interest Rate Decision and New Chairman’s Press Conference**

Three things collide on the same day: core inflation indicators, the policy direction, and the new chairman’s assessment. This will essentially determine the market direction for August and even the second half of the year.

In plain terms, July’s market direction comes down to these three factors: employment, inflation, and policy stance. If employment falls, inflation eases, and policy stance softens, there’s a chance for a rebound in tech growth and AI; if the data stays strong, inflation keeps coming back, and policy stance remains hawkish, high-valuation tech, gold, and cryptocurrencies will still face pressure in the short term.

Keep this July key calendar close—it’ll help you find the right direction on your investment journey!

(Note: This content is for general educational purposes only and does not constitute investment advice.)