U.S. stocks could shake off the past week’s negativity and push ahead on expectations of a healthy reporting season, the Federal Reserve cutting rates, and the rising odds of a victory for former President Donald Trump in the Nov. election. President Joe Biden on Sunday confirmed the inevitable by announcing that he is quitting the race. As the market begins in a price in a victory for Trump, known for his pro-business and pro-crypto stance, sentiment could reverse course from the negativity seen last week. Bargain hunting in beaten-down stocks could lend support. Given most economic data is back-end loaded this week and the Fed has gone into a blackout period, the spotlight is likely to be on earnings that begin to trickle in. Futures Performance (+/-) Nasdaq 100 +0.86% S&P 500 +0.53% Dow +0.18% R2K +0.52% Cues From Last Week: Comments from Trump, and Biden, who has since then quit the presidential race, stirred up geopolitical tensions, sending stocks lower in the latter half of the week ended July 19. Techs bore the brunt of the selling amid worries that Trump’s stance toward Taiwan may weigh down on suppliers from this island nation and Biden did his part by suggesting more China chip ban. The market continues to struggle to find a new floor, said fund manager Louis Navellier. The historically strong first two weeks of July delivered and it’s been rocky ever since, he said. Navellier sees the pullback as more of profit taking in the biggest winners for the year. “Hard to say if we will be looking at a full 5% correction, but we should be back on track soon if ...