The S&P 500 spent Monday holding its breath. The index closed at 7,805 — down a token 2 points from Friday, and 39 points below Tuesday’s all-time high of 7,844. Three sessions of near-perfect stillness, right as third-quarter earnings season opens with the big banks reporting Tuesday and Wednesday. The market is waiting for corporate […]
Sunday preview of a week where corporate America goes head-to-head with the currency market. Earnings season opens The big banks report starting Tuesday, kicking off the third-quarter season. Expectations are moderate — single-digit growth — which paradoxically raises the bar: after two consecutive seasons of beats, the market now treats outperformance as the default. Guidance […]
The S&P 500 opens the second half parked at 7,490 — up 0.1% for July, up modestly for the quarter, and completely directionless for a month. The next catalyst arrives next week, when the big banks kick off earnings season. What’s expected Consensus calls for mid-to-high single-digit year-over-year earnings growth — solid, but a deceleration […]