and more than 100 other S&P 500 companies report earnings in the biggest rush of earnings reports this quarter.
Hogan said the market may also respond to Covid news. He said the seven-day average in new Covid cases fell below the 14-day average this past week for the first time since Thanksgiving, and if that continues, it could indicate a peak.Economy "You're really going to see a loss of momentum throughout the quarter," said Kevin Cummins, chief U.S. economist at NatWest Markets. "It's a set up for a really weak Q1." PMI data shows manufacturing activity has been strong, but labor market data is weak and consumer spending is disappointing.
"I don't see them making many changes," said Cummins of NatWest. "They'll probably acknowledge just the fact that employment was weak. Powell is also likely to be asked his views on fiscal stimulus, which could end up being smaller than some expect.
Biden had a bad 1st week. DJIA under his administration is down. 300 points. Vaccines are nowhere to be found. He lost 3000 jobs in 1 hour.
Earnings? Lol so 2005. Fed $$$ will drive market in the YEARS ahead. The Fed IS the stock market.
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