Will buyers buy the dip?
A total of 178 companies are reporting this week, with Microsoft, Alphabet, Intel, and Visa reporting tonight. Earnings reports from yesterday and this morning are net positive with some of the industrial/cyclical companies posting great results. Firms are enjoying solid underlying demand and they’re having a ton of success pushing through price hikes while managing ongoing supply chain challenges. The question is whether the 4,200 level will provide firm support for the S&P500.
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