From the Wall Street Journal’s "Stock Futures Gain as Earnings Season Moves Past Banks" posted early Tuesday:
U.S. stock futures rose as investors awaited a fresh batch of earnings for insight into the state of the economy...
Investors are parsing earnings for signs of how decades-high inflation is impacting companies and consumer spending. Economists are upping the chances of a U.S. recession within the next 12 months, worried that interest-rate increases to tame inflation will weigh on growth. Focus is now turning to how companies are responding to those expectations, particularly if they plan to cut back on hiring or other investments. [ped: see Apple, Gurman, Bloomberg, yesterday.]
“If the corporate sector starts to cut back on investment spending, that to me is the nail in the coffin,” said Luca Paolini, chief strategist at Pictet Asset Management.
Charts: Yahoo!Finance sees a bullish slow stochastic pattern. Max pain inches up $1 to $145 with the same call mountain at $155.
I’m sorry to hear about your injury, Thomas – my prayers for you to have the least pain & fastest healing.