U.S. earnings season is about to begin. Investors are optimistic about performance but wary of oil price shocks.

Golden Finance reports that on July 7, investment firm Summit Place Financial Advisors stated that the market expects overall strong corporate performance in the second quarter, but investors will focus on the impact of high oil prices on corporate costs, profit margins, and product prices. The firm noted that the inflationary pressure from rising energy prices may take several months to fully pass through, and the Federal Reserve has limited room for interest rate cuts in the near term, likely remaining on hold.
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