Most American stocks peaked out after Jerome Powell received a second term as the Chairman of the Federal Reserve, on Monday. The dollar rallied, and gold dropped. Investors now wait for Fed minutes and critical economic data. Will they resume their trend afterwards, or has it run its course?
Five supermajors plan to release earnings on Thursday & Friday and it's expected reports will show roughly $29 billion in free cash flow - the most since 2008. This could be due to a strong demand for crude, natural gas and chemical price surges, and a rebound in refineries.