Ready or not, here comes earnings season.
Wall Street anticipates a 2% year-over-year decline in fourth-quarter S&P 500 earnings, versus the 2.5% gain predicted at the start of that quarter, according to FactSet estimates. Financials, though, are expected to be a bright spot in that mix, and JPMorgan Chase has kicked it off with some upbeat results on Tuesday.
The week kicked off with some fresh stock records and trade hopes, so no pressure right?
Our call of the day, from Mark Luschini, chief investment strategist at wealth manager Janney Montgomery Scott, cautions that a lot needs to fall into place for equities this year, and the last thing investors want is an overexcited stampede into this market.
“If again we experience a FOMO (fear-of-missing-out)