Macro 1/2 - Gozilla and your favorite magical internet money Macro 2/2 - Earnings , Warren Buffet and the SPX < Crypto - Wrap-up
Company Performance Highlights
The performance of companies like Amazon and Apple stood out for its robustness, even while facing some downturns. This reinforced optimism in the technology sector. However, the market reacted negatively to the announcement that Berkshire Hathaway sold 49% of its stake in Apple last quarter.
After this sale, Warren Buffett's company's net reserve reached $277 billion (approximately R$ 1.58 trillion). The only justification provided for the sale was "capital rebalancing."
Macro Calendar: China's Trade Balance in Focus
Our key indicators this week include inflation and trade balance data from China and Germany, which did not significantly impact the traditional market. Additionally, the U.S. services index surprised positively, showing a slight increase compared to expectations and countering the contraction observed in the previous month. Here is the complete calendar:
Macroeconomics: Technical Analysis Triggers
The SPX index tracked the decline in the Asian market, resulting in a 6% drop before recovering 2.33% of that loss. Currently, the index is in a decision zone after a correction that was expected in magnitude but not in speed. For the upcoming week, our triggers are:
- Optimistic: A return to 5,400 points, or consistent closes above 5,320 points.
- Moderate: The median expectation is to stay between 5,219 and 5,316 points until a clear definition, which we expect to occur in the second week of August.
- Pessimistic: The outlook remains cautious, indicating that a loss of support at 5,200 and 5,145 points could lead the index to seek the lower monthly trend, below 5,000 points.
SPX CHART Show Less
