Earnings From Apple, Microsoft, And Tesla Could Provide Insights Into Investor Conviction

Earnings From Apple, Microsoft, And Tesla Could Provide Insights Into Investor Conviction

Equity index futures are pointing lower once again after the S&P 500 (SPX) fell below its 200-day moving average last Friday. On Sunday evening, the S&P 500 futures had turned positive and looked to rally. However, the futures turned once again overnight and were trading 0. 85% lower on in premarket trading. The benchmark index may be heading towards its September 2021 lows near 4300 level for support. The Cboe Market Volatility Index (VIX) has spiked higher and is near 31 suggesting that investors' nervousness continues to rise. This could be a big week for stocks with heavy hitters like Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA) reporting. Additionally, the Federal Reserve will meet this week and hopefully lay out a plan for hiking interest rates in the near future; this could give investors some confidence in their plan to curb inflation. While these news events will be great for those of us who write market commentary, they could spell headaches for investors. Stocks like Apple and Tesla often provide an insight into investor psychology so this week could be a "vote of confidence" from investors on market strength. Apple has been a mainstay for investors and has often demonstrated