First Earnings Season for U.S. Stocks After "Liberation Day" Kicks Off Next Week

According to a report by Jinse Finance, U.S. companies are preparing to announce their second-quarter results, and investors will be looking for signs of the impact from Trump’s tariff policies. Although corporate earnings growth is expected to slow compared to the first quarter, the significant depreciation of the U.S. dollar may help offset potential tariff effects. On July 15, JPMorgan Chase and several major banks will kick off the earnings season. Peter Tuz, President of Chase Investment Counsel, noted that with trade negotiations still ongoing, tariffs are likely to be a recurring topic in many companies’ earnings calls. Nicholas Colas, co-founder of DataTrek, stated that for many S&P 500 companies, expectations are set low enough that their second-quarter earnings growth could far exceed forecasts. The recent record highs in the S&P 500 “suggest the market shares this view.”