Weekend reads: Get ready for a big week – crucial Fed decision, tech earnings and GDP report

This was mostly a week for stocks, particularly the rebound of the high-tech Nasdaq Composite, as companies beat expectations for second-quarter earnings.

Next week brings a heavy dose of tech earnings, the Federal Reserve’s meeting on Tuesday and Wednesday, and the first reading of second-quarter GDP on Thursday.

Federal Reserve officials are expected to raise the federal funds rate by 0.75 percentage points on Wednesday, to a range of 2.25%-2.5%. But then what? Here’s everything you need to know:

The Fed may get lucky or things may go wrong. A guide to where the economy can go from here

Almost all economic numbers line up: Recession likely in the US

And a word of caution on inflation: Fed rate hikes alone will not cure inflation

What is the outlook for the stock market after a big rally?

S&P 500 SPX Index,
-0.93%
and the Dow Jones Industrial Average DJIA,
-0.43%
It closed Thursday at its highest level since June 9 (June 8 for Nasdaq Comp,
-1.87%
) before backtracking on Friday. The good news is that the stock market valuation has improved significantly. However, stocks simply haven’t gotten cheap enough to warrant a bull market revival, says Mark Hulbert.

However, some argue that key benchmarks have already hit rock bottom. Here’s what the professionals say about it.

No matter what you think, develop your plan now to see how you’ll decide when it’s time to get back into stocks.

Then there is this: A strong dollar is driving the markets into trouble: What investors need to know

alternative: Here’s why you’re buying junk bonds now: a convincing dividend yield and the potential for big gains

What we learned from this week’s earnings

Image caption MarketWatch/Getty Images, iStockphoto

Start with signs that supply chain problems are receding. But the dollar is a headwind, and Snap’s miserable earnings offer a broader warning to tech investors. Get the full story here.

more: As Snap SNAP,
-39.08%
fading away, and its founders are keen to protect the people who matter: themselves

Plus: Tesla
TSLA,
+ 0.20%
Margins shrink despite “embarrassing” price increases, putting Elon Musk in a tight spot

Why Investors Should Be More Concerned About Cloud Spending

The cloud boom is back on Earth, and that could be scary for tech stocks.

Spending on public cloud services is expected to decline after a spike in the first two years of the COVID-19 pandemic. Companies looking to cut costs could split into this growth further and cause a domino effect on tech companies and stocks.

How Amazon’s $3.9 Billion Bet on Primary Care Could Change Your Prime . Membership

Amazon is paying $3.9 billion to buy One Medical, a direct primary care company.

Getty Images / istockphoto

AMZN from Amazon,
-1.77%
The acquisition of One Medical, its largest healthcare bet to date, hints at a future in which primary care and streaming options are pooled together.

more: Amazon’s acquisition of One Medical sparks a backlash over data privacy: “What can go wrong?”

A blessing for the very wealthy

The IRS has made it easier for families to pass on millions of dollars to their children and others.

Plus: How do I make sure that my husband of 26 years won’t get his hands on my multi-million dollar inheritance? Monist weighs.

And the: We have $1.5 million that we don’t intend to use in retirement – how do we invest it if we plan to give it to our children one day?

How to withdraw your retirement plan

Getty Images / istockphoto

Thinking of retiring early? A “financial samurai” tells you how to shoot your life by negotiating a big reward.

also: Our retirement budget is $38,000 a year – where should we move?

And the: Does Inflation Affect Social Security Tax Withholding? Yes, she’s not pretty

What to stream before July ends and what to do in August

Netflix NFLX,
-1.54%
It features an adaptation of Neil Gaiman’s classic “The Sandman” alongside vampire film Jamie Foxx and a new season of Mindy Kaling’s “Never Have I Ever.”

Here’s what’s new on Hulu, Disney + And the HBO Max.

Could an attempt to renew anti-redline lending laws survive the quagmire of the capital?

The first comprehensive community reinvestment law reform since 1995 has been praised, but some advocates say it falls short of closing the ethnic lending gap.

More about housing

Rents have reached a new level, but rent is still cheaper than owning. Here’s why.

I’ve Built Homes For 40 Years, Here’s What To Change If The U.S. Wants More Startup Homes

Only 10% of new homes are now selling for less than $300,000. Two years ago, a third did. Not just because of the pandemic.

How to do a house swap successfully

MarketWatch / iStockphoto Synthesizer

You can skip Airbnb ABNB,
-3.86%
And vacation as if you were a local. Rachel Koning Beals begins her new column, The Upcycler, with how to get this low- or no-cost alternative to hotel and resort stays.

Stray – The video game where you play a cat – crashes the internet

The new cyberpunk cat game even hits real-life cats.

ICYMI: Shelters say people are giving up family dogs they adopted long before the pandemic, mostly due to inflation

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