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Reminder: Earnings season kicks off in Wall Street today

The US CPI report might be the main event on the agenda today. But for stocks, keep a close watch on key earnings releases this week as we get into that time of the quarter once again. The big banks will kick things off and for today, we’ll have JP Morgan and Bank of New York Mellon reporting.The former will always be an interesting one with CEO Jamie Dimon usually offering his own views on the market and the US economy. So, keep an eye out for that.Come tomorrow, we’ll have more featuring BofA, Wells Fargo, and Citi. And then on Thursday, there is Morgan Stanley, Goldman Sachs, and BlackRock.Besides financials, there will be some other big names as well on the earnings calendar this week. Today will also feature Delta Airlines and on Thursday, we’ll also see TSMC report Q4 earnings too. The latter will be one of the more watched ones and arguably the most important one on the list for the week.The company is bellwether for how chipmakers might fare and amid recent risks to AI valuations, it will be one to be mindful of just in case.
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

Today’s CPI report is crucial, but earnings from major banks could shift market sentiment significantly. As we enter earnings season, traders should focus on how these results align with inflation expectations. If JP Morgan’s earnings exceed forecasts, it could signal strength in the financial sector, potentially lifting broader market indices. Conversely, disappointing results might amplify concerns about economic slowdowns, especially if inflation data shows persistent upward pressure. Keep an eye on the S&P 500’s performance around key resistance levels; a break above recent highs could indicate bullish momentum, while a failure to hold could trigger a sell-off. Watch for volatility spikes in related sectors, particularly in financials and consumer discretionary stocks, as these often react sharply to earnings surprises. Remember, the market’s reaction to earnings can be unpredictable, so be prepared for rapid shifts in sentiment based on today’s CPI and upcoming bank results.

📮 Takeaway

Monitor JP Morgan’s earnings closely today; a strong report could drive the S&P 500 above resistance levels, while a miss might trigger a sell-off.

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