With earnings season in full swing, Microsoft and Meta Platforms delivered standout results Thursday, helping to solidify the Nasdaq Composite’s robust 11% year-to-date gain. With most of the market-moving earnings reports now behind us and no clear catalysts on the horizon, some near-term fatigue wouldn’t be surprising. A pullback to the key 20,000 level, site of both a failed bull flag breakout and a successful cup-with-handle base, could be in play as we head into August, historically one of the market’s more volatile months.
