Hi Traders, the market finished a very volatile week, where the S&P500 lost 1.26% although oil prices gained 8%. The volatility is expected to continue this week with the beginning of the quarterly earning reports season. The expectation are at six year lows! Analysts expect the S&P500 company’s earnings to fall as much as 7.9%. It is possible, as we usually see, that the analysts are trying to lower the expectations more than required, however, there is no doubt that this is a challenging earning season. This week direction may be dictated by the results of four large banks: JPM, WFC, BAC, C which will start publishing results on Wednesday.
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