breaking news US stocks rise to session high ahead of Visa earnings

I suspect that before next Wednesday there will be a period of angst over what the Fed will deliver, but for now stocks have the green light on better tech earnings.

Today, the fence is important with Visa and Intel. Tomorrow morning it’s American Express and Chevron. Credit card companies will certainly have consumer health information.

For now though, the technical data is improving with the market above the downtrend, the 200 day moving average

Moving average

A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.

A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
Read this term4000 and January highs.

I have the impression that the market is increasingly convinced that inflation will return to at least 3%, if not lower.

As for what to watch for Visa, it is beaten on EPS in 11 consecutive quarterly reports, but is trading at a rich multiple. I’m more interesting in commenting on the broader macro of the business, because who has a better idea on this than Visa?