The SPDR S&P 500 ETF (SPY) rose as U.S. stock futures advanced. Second-quarter earnings optimism drove the market gains. Investors are monitoring technology results and artificial intelligence investments to assess economic health. This sentiment overshadowed ongoing geopolitical tensions in the Middle East.
HSBC Chief Multi-Asset Strategist Max Kettner advised reducing stock holdings. Kettner warned that a 5% to 10% market pullback could follow the earnings season. He cited excessive optimism, declining fiscal stimulus, and political uncertainty as key risks.