It’s a big day for earnings after the close. Macro indications to watch for

The headliners for earnings after the close today are Meta and Microsoft and whatever they deliver on earnings will be critical for those stocks and the Nasdaq. More broadly, I’ll be looking for a few things:

1) Indications on AI capex, including from Qualcomm

2) Any guidance around the strength of the consumer, though we got some very strong comments from Visa yesterday and they have better data than anyone. Someone like Cheesecake Factory could have something to say, as that’s a sensitive category.

3) CP might have some insight on the freight market

4) Energy companies could offer clues on capex, given low oil prices

Meta is right after the close and MSFT is scheduled for 4:15 pm ET.

This article was written by Adam Button at www.forexlive.com.