Next Week Outlook - Earnings Season Opens with Major Banks and Flash PMIs

Week of April 20–April 24

Macro (U.S.) — retail sales and housing data lead while earnings pivot to big tech/auto names

This calendar stays measured after last week’s bank-heavy slate, shifting the focus to consumer spending confirmation via retail sales, a fresh housing pulse, and flash PMIs later in the week. Earnings move from financials to higher-beta names like Tesla and Intel, testing growth and capex narratives. In practical terms, traders should avoid forcing directional bets early. Watch whether yields and the dollar digest retail sales cleanly and whether Tesla’s delivery/margin tone validates or challenges the AI/consumer rotation.