Reasons for investors to be bullish this earnings season, Netflix & Tesla earnings previews

Market Overview - Major stock indices experienced a bullish day, with the Dow up over 500 points, marking the best day for the Russell 2000 in a week [1][2][64] - The bond market saw a slight decrease in yields, with the 10-year Treasury yield dropping below 4% and the 30-year yield down to 4.58% [2][3] - The VIX index fell back under 20, indicating reduced market volatility [3][4] Sector Performance - Industrials led the market with a gain of over 1.3%, followed by financials, technology, and communication services, all outperforming [4][66] - Notable performers in the tech sector included Apple, which reached a record closing high, and other software companies like Salesforce and Shopify [67][88] - In the transportation sector, airlines such as Delta and United saw significant gains, reflecting a positive trend in travel-related stocks [7][70] Critical Minerals Deal - A new deal between the US and Australia aims to enhance cooperation on critical minerals, with a promise of $1 billion in government financing for projects [9][10] - The agreement is seen as a strategic move to reduce reliance on China, which currently produces 90% of the world's processed critical minerals [14][15] - The deal is relatively limited in scope, with no specific targets outlined for mineral extraction [12][13] Earnings Season Insights - Approximately 85% of S&P companies have exceeded profit estimates, contributing to a bullish outlook for the earnings season [21][22] - Key earnings reports are anticipated from major companies, including Tesla and Netflix, with expectations of strong performance driven by consumer demand and innovation [20][49][106] - Analysts are optimistic about Apple's iPhone 17 sales, which have reportedly outperformed the previous model by 14% in initial sales [88][89] Gold and Cryptocurrency Trends - Gold prices are at record highs, driven by central bank purchases and a perceived safety trade amid economic uncertainty [37][80] - Bitcoin has shown resilience, recovering from a recent dip and benefiting from regulatory considerations in Japan [41][44] - Crypto-related stocks, particularly those pivoting to AI, have also seen significant gains, indicating a broader interest in the sector [46][47]