Even strong earnings might not be able to save stocks

was doubling down on the Fed's "higher for longer" stance, sending bond yields to their highs of the day.that earnings could be one of the catalysts for stocks to trade higher. But bond yields have pressed even higher,Prior to earnings, Emanuel had written that themes like artificial intelligence could benefit companies on the micro level.

While earnings can drive individual stocks, the broader market story hasn't changed. Treasury yields remain volatile, the unknowns around the US economy's trajectory, a boiling geopolitical feud in the Middle East and lack of direction in Washington aren't going away. Put together, the confluence of pressures isn't a good recipe for markets that typically hate uncertainty., but a clearer picture of the Fed's path forward must come first.

Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York in New York, Thursday, Oct. 19, 2023. Canada's Conservative leader urges rejection of RBC's offer for HSBC Canada -media

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