What to expect in the week ahead (JD, PDD, CRM, XPEV)

“With Fed tapering coming while delta variant keeps spreading, the transition away from liquidity/policy regime to more mid-cycle markets means we may experience a bumpier ride ahead,” Barclays equity strategists said in a note. “Market narrative may thus turn more cautious, as concerns about peaking growth rates, delta variant and policy mistake may prove headwinds, at a time when seasonality and technicals are unfavorable.”

The week ahead in focus
It's the late innings of second-quarter earnings season, with companies ready to step up to the plate. 

Investors are looking to the monetary policy symposium in Jackson Hole, Wyoming next week for clues as to how rising cases may affect the debate over when to begin scaling back monetary stimulus, though concerns about the pandemic have prompted the Federal Reserve to move the annual gathering online.