This article is about how Wall Street is feeling hopeful and excited for some big companies' earnings reports and the Federal Reserve meeting. The Federal Reserve is a group of people who make important decisions about money and the economy. People are hoping they will say they will lower interest rates in September to help businesses and the economy grow. The article also talks about some companies that did well or badly in their earnings reports and some other things happening in the stock market. Read from source...

- article is inconsistent in stating MSFT is a mega-cap company and not reflecting in the picture,
- article is inconsistent in stating some negative tech earnings and not mentioning Cronos (CRON) and Moderna (MRNA),
- article is inconsistent in stating expectations for the Fed and the EPS beat by RMBS and LSCC,
- article is inconsistent in stating the consumer confidence reading and the potential impact of earnings,
- article is biased in stating that traders are overlooking some negative tech earnings and not acknowledging that some earnings are positive,
- article is irrational in stating that Wall Street is tenaciously holding onto slim optimism and not considering the strong economic data,
- article is emotional in stating that traders appear to be overlooking some negative tech earnings and not acknowledging that some earnings are positive

The main focus of the article is to provide insights and previews of the U.S. stock market, the Fed's meeting, and the earnings reports of various companies. The article discusses the potential impact of the Fed's rate cut signal, mega-cap tech earnings, and economic data on the market sentiment and investment decisions. The article also highlights the key companies reporting earnings and the direction of commodities, bonds, and global equity markets. The article is likely to be of interest to investors, traders, and financial professionals who are looking for information and analysis on the market trends and opportunities.