Exploring this week’s U.S. financial reports and waiting for signs of economic recovery👀

Returning to U.S. financial reports, a series of consumer-facing companies will announce their financial results this week, including Walmart, Target and Home Depot. U.S. consumers continue to show outstanding resilience, with current second-quarter earnings falling only 4% year-on-year, a significant Better than the 9% decline predicted by investment banks, especially the performance of the consumer discretionary industry exceeded expectations; in addition, the market generally expects second-quarter earnings to be the trough of the current economic slowdown cycle, and EPS growth is expected to return to positive before the end of the year.

From a position perspective, Morgan Stanley reported that traders' option net gamma positions turned negative for the first time in months, which also explained some of the more violent fluctuations in the stock market last week; in addition, as systemic funds still held large positions With long positions in the stock, the market remains vulnerable to a position-led sell-off in the short term, and we still recommend a more defensive strategy at this time.

#美国财报 #EPS #头寸 #期权 #股市