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Triple Threat: Fed, GDP, and the Big Tech Earnings Showdown · The SPY Trader

• 0:00
  Good morning and a very warm welcome to the Spy Trader podcast !
• 0:04
  I am your host , Sunny Share , and I am so glad you could join me this morning .
• 0:10
  It is currently 6 am on Sunday , July 26th , 2026 , here on the Pacific Coast .
• 0:17
  We are standing at the edge of what looks to be one of the most actionpacked weeks of the entire year .
• 0:24
  Investors are calling this the Triple Threat week because we have a huge Federal Reserve meeting , the new GDP numbers , and the biggest names in tech all reporting their earnings at the same time .
• 0:36
  Let's break down what is happening .
• 0:38
  First up , the big macro news .
• 0:40
  The Federal Open Market Committee is meeting this Tuesday and Wednesday .
• 0:45
  Even though inflation has stabilized around 2.2 percent , the job market is starting to cool off .
• 0:52
  Most people expect the Fed to keep interest rates right where they are , but everyone will be listening to Chairman Powell to see if he hints at a rate cut in September .
• 1:01
  If he sounds a bit too tough , we might see some wobbles in the Financial Select Sector SPDR Fund , also known as XLF .
• 1:10
  On the other hand , if he sounds friendly toward a cut , the iShares 20 plus Year Treasury Bond ETF , or TLT , could really take off .
• 1:20
  Moving into the world of Big Tech , we have finally moved past the hype and into the results phase for Artificial Intelligence .
• 1:27
  Microsoft and Alphabet are both reporting on Tuesday .
• 1:31
  Investors are looking for actual revenue from something called Agentic AI .
• 1:36
  If Microsoft shows that its Azure AI services grew by more than 25 percent , it is going to be a great day for the Invesco QQQ Trust .
• 1:45
  Then on Thursday , we have Amazon reporting .
• 1:49
  This year , the focus isn't just on packages ; it is on their autonomous delivery drones and their satellite internet subscriptions .
• 1:57
  Even the healthcare sector is busy , with Eli Lilly and Novo Nordisk leading the way thanks to their successful weight loss treatments .
• 2:05
  Now , let’s talk about the broader economy .
• 2:08
  This Thursday , we get the Advanced Q2 GDP report .
• 2:12
  Analysts are looking for 2.1 percent growth .
• 2:16
  Believe it or not , if that number comes in too high , like over 2.5 percent , the market might actually get a little grumpy because it gives the Fed a reason to keep rates high .
• 2:26
  And don't forget Friday’s PCE Price Index , which is the Fed's favorite way to measure inflation .
• 2:33
  Because there is so much uncertainty , many folks are looking at the Vanguard Total Stock Market ETF , or VTI , as a safer way to play the whole market instead of just betting on a few tech giants .
• 2:46
  So , what should you actually do with your portfolio this week ?
• 2:49
  For your main holdings , I recommend staying steady with the Vanguard S&P 500 ETF , which goes by the ticker VOO , or the classic SPY .
• 3:00
  If the Fed meeting causes a little dip early in the week , think of it as a potential buying opportunity for a rally later this year .
• 3:07
  If you are looking for a specific sector play , keep an eye on Real Estate through the Vanguard Real Estate ETF , or VNQ .
• 3:16
  This sector has been hit hard lately , but if the Fed signals that rate hikes are over , it could be ready for a big breakout .
• 3:24
  For those of you looking for growth , NVIDIA is still the one to watch .
• 3:28
  Even though the stock has seen some profittaking lately , if Microsoft and Alphabet announce they are spending more on AI infrastructure , it confirms that demand for NVIDIA's Blackwell2 chips is still through the roof .
• 3:40
  Finally , if you want a little insurance for your portfolio , look at Gold through the GLD ETF With national debt and global tensions in the news , gold remains a great defensive choice .
• 3:53
  To wrap it all up , expect a quiet Monday and Tuesday as everyone waits for news .
• 3:58
  Wednesday will be the big volatile day when the Fed speaks .
• 4:02
  By the end of the week , we will know if Big Tech earnings can carry us higher .
• 4:06
  My final tip ?
• 4:08
  Stay heavy on highquality tech like Microsoft but keep some longterm treasuries like TLT on hand just in case the Fed surprises us with a hawkish tone .
• 4:18
  Thanks for listening to Spy Trader , and let's have a great week on the markets !