This Week’s Key US Stock Macro Outlook (July 27 – July 31)

July 27 (Monday)

1. ★★★★★ Changxin Technology (China’s DRAM leader) lists on the STAR Market.

July 28 (Tuesday)

1. U.S. ADP Employment Change for the week ended July 11
2. Boeing, Corning, and Coca-Cola report earnings before the open
3. ★★★ Bloom Energy, Ford, KLA, Seagate Technology, and Visa report earnings after the close (focus on AI/storage demand and payments)

July 29 (Wednesday)

1. ★★★★★ Microsoft and Meta report earnings after the close (key focus on AI capital expenditure returns, cloud growth, and advertising recovery)
2. ★★★★ Qualcomm, Arm, and Robinhood report earnings after the close
3. ★★★★★ SK Hynix reports Q2 earnings (critical validation of AI storage / HBM)

July 30 (Thursday)

1. ★★★★★ Federal Reserve announces interest rate decision (markets expect a hold); Chair Warsh holds press conference afterward. Focus on signals regarding the future rate path and whether rate hikes could resume in September amid ongoing inflation pressures and tariff uncertainty
2. ★★★★★ U.S. releases June Core PCE Price Index, Q2 Real GDP (annualized QoQ, advance), and weekly Initial Jobless Claims
3. ★★★★★ Apple and Amazon report earnings, testing the commercialization progress of AI
4. ★★★★ Samsung Electronics releases full Q2 earnings (storage and AI chips)
5. ★★★ Coinbase and Strategy report earnings after the close

July 31 (Friday)

1. ★★★★ Kioxia reports earnings (completing the Japan-Korea memory trio)
2. U.S. releases July Chicago PMI and University of Michigan Consumer Sentiment (final)

This week’s core themes for U.S. stocks center on the Federal Reserve’s rate decision signals, tariff uncertainty, Core PCE inflation data, and the major AI earnings tests from Microsoft, Meta, Apple, and Amazon. Market volatility is expected to increase significantly.