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The Week Ahead: CPI, Big Banks And Warsh’s Big Day | Jul 12, 2026

By July 14th, 2026Weekly Stock Market Preview4 min read

July 13–17, 2026

Markets head into the week with a much heavier setup than last week. Tuesday brings June CPI and the start of big bank earnings, while Fed Chair Kevin Warsh heads to Capitol Hill for two days of testimony that could give traders a better read on the Fed’s inflation fight and rate path. Netflix, TSMC, ASML, UnitedHealth and GE Aerospace also report later in the week.

Upcoming Earnings

Monday, July 13

Fastenal (FAST) — Before Open

Tuesday, July 14

JPMorgan Chase (JPM) — Before Open

Goldman Sachs (GS) — Before Open

Bank of America (BAC) — Before Open

Citigroup (C) — Before Open

Wells Fargo (WFC) — Before Open

Wednesday, July 15

ASML (ASML) — Before Open

BlackRock (BLK) — Before Open

Johnson & Johnson (JNJ) — Before Open

Morgan Stanley (MS) — Before Open

United Airlines (UAL) — After Close

Thursday, July 16

Taiwan Semiconductor Manufacturing (TSM) — Before Open

UnitedHealth Group (UNH) — Before Open

GE Aerospace (GE) — Before Open

Netflix (NFLX) — After Close

Friday, July 17

Travelers (TRV) — Before Open

Fifth Third Bancorp (FITB) — Before Open

Regions Financial (RF) — Before Open

Economic Data (ET)

Monday, July 13

2:00 — Monthly Treasury Statement

Tuesday, July 14

8:30 — Consumer Price Index

10:00 — Fed Chair Kevin Warsh testimony before House Financial Services Committee

Wednesday, July 15

8:30 — Producer Price Index

8:30 — Empire State Manufacturing Survey

10:00 — Fed Chair Kevin Warsh testimony before Senate Banking Committee

2:00 — Beige Book

Thursday, July 16

8:30 — Weekly jobless claims

8:30 — Retail sales

10:00 — NAHB Housing Market Index

10:00 — Business inventories

Friday, July 17

8:30 — Import and export prices

8:30 — Housing starts and building permits

9:15 — Industrial production and capacity utilization

10:00 — University of Michigan consumer sentiment

Why This Week Matters

The macro calendar is not light this week. CPI on Tuesday and PPI on Wednesday will give traders the next inflation check after the June FOMC minutes showed a divided Fed and renewed concern around inflation pressure. Warsh’s testimony on Tuesday and Wednesday matters because lawmakers are expected to press the new Fed chair on price stability, the 2% inflation target, energy-driven price shocks and whether the Fed is still leaning cautious on rates. Traders will also be listening for how much Warsh sticks to a data-dependent message rather than offering firm forward guidance.

The Fed calendar also includes the Beige Book on Wednesday and industrial production on Friday.

The earnings calendar is where things really pick up. The big banks report Tuesday, with JPMorgan, Goldman, Bank of America, Citi and Wells Fargo all on deck, followed by Morgan Stanley on Wednesday. That gives the market a read on trading revenue, investment banking, loan demand, deposit costs and credit quality.

Tech and AI also stay at the front. ASML reports Wednesday and TSMC reports Thursday, giving traders a read on semiconductor demand, AI infrastructure spending and whether the chip trade still has room after another strong stretch. Netflix reports Thursday after the close, with the market watching growth, margins and any commentary around engagement, live TV or bundles. UnitedHealth and GE Aerospace also give the week a broader read on health care and industrial demand.

The Hormuz story is still worth watching. Reuters reported last week that OPEC+ approved another August output increase as exports through the Strait of Hormuz had started to recover, but new U.S.-Iran headlines over the weekend brought the risk back into focus. Oil, tanker flows and energy inflation remain part of the tape, especially with CPI and PPI landing early in the week.

Stick with Stock Trader Network, we have much in store for the Think Tank!


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