Fed Meeting and Big Tech Earnings to Test Market Sentiment

The upcoming week of July is expected to be intense for financial markets, with key events that could significantly impact market sentiment. The Federal Reserve's meeting on July 28-29 will be closely watched, as investors are pricing in a roughly 3% probability of a rate cut. However, Chair Jerome Powell's tone after the meeting may have a ripple effect across various asset classes, including cryptocurrencies.

Big Tech earnings from companies like Microsoft, Meta Platforms, Apple, and Amazon will also set the tone for equity markets heading into August, which in turn could impact digital assets. The performance of these tech giants has become a proxy for broader risk sentiment, with AI stocks and crypto tokens showing increasing correlation due to shared macro forces.

Rounding out this gauntlet is Robinhood Markets' Q2 2026 earnings report on July 29, where the decline in crypto revenue will be closely watched. While revenue from trading may continue to shrink, the growth of Robinhood Chain's infrastructure play could signal a shift towards longer-term bets on tokenizing traditional financial assets.