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EDITOR'S NOTE
The last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Fed meeting and new tax and spending proposals from the White House.
President Joe Biden is expected to detail his “American Families Plan” featuring new spending to help families. It also is expected to propose new taxes, including a significant increase in capital gains taxes for the wealthy.
Big tech is a highlight of the earnings calendar, with Apple, Microsoft, Amazon, Facebook and Alphabet all releasing results. (Note that Jim Cramer believes the earnings season so far is creating some "unbelievable buying opportunities.")
The Fed is not expected to take any action at its two-day meeting, but economists expect it to defend its policy to let inflation run hot. The Fed will be talking inflation, and so will companies. Many have already been discussing how rising commodity prices, transportation costs and supply chain disruptions are impacting them. There are also some key economic reports, including first quarter GDP and the Fed's favorite inflation measure - the personal consumption expenditures inflation reading.
THE WEEK AHEAD
ACTIVIST SPOTLIGHT
YOUR WEEKEND BRIEFING
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