The first earnings season for US stocks after "Liberation Day" will kick off next week.

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【"Liberation Day" marks the opening of the first earnings season for US stocks next week】 American companies are preparing to announce their second-quarter performance, and investors will look for the impact of Trump's tariff policies. Although corporate profit growth is expected to slow compared to the first quarter, the significant depreciation of the dollar may help offset potential tariff effects. On July 15, JPMorgan Chase and several large banks will kick off the earnings season. Peter Tuz, president of Chase Investment Counsel, stated that given that trade negotiations are still ongoing, tariffs may once again become a topic in many company earnings calls. Nicholas Colas, co-founder of DataTrek, mentioned that for many S&P 500 constituent companies, the expected threshold is low enough that their second-quarter profit growth is likely to exceed expectations. The recent historic high of the S&P 500 index "indicates that the market shares this view."

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