Earning BEATS/MISSES WON'T MATTER!
It's the first week of earning season with large financial institutions reporting this week. However, first-quarter earnings WON'T MATTER!!!!
First, who's reporting this week?
Why earnings WON’T matter?
There are two main reasons bank earnings won’t matter this quarter.
There are two main reasons bank earnings won’t matter this quarter.
CPI data: On April 12th the CPI data will be released. Inflation has been at historical levels and is expected to reach 8.4% over the last twelve months. That 8.4% appears to be priced into the current market prices. Any deviation from expectations will move the market in either direction.
Guidance: Assuming the CPI data meets expectations, what many will be turning to next as a catalyst is bank guidance. Some of the bigger banks are in a prime position for high profitability during a rate hike cycle. However, what could be cause for concern is banks issuing warnings of higher than expected credit losses.
Good luck out there bois...![]()
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bwjx : Yesterday trading shows that dumping is not over yet. Even if earnings are good it doesn't mean that it will go up if guidance is bad. I will just look at my tech indicators to see where it is going.
搞经济 抄底 加仓 : Don't Matter . Really?
by then.
Try all Banks having bad earnings and DJI.US fall below 32000pt end of April 2022.
See how near you'll be to the SUN
mooster HanOP bwjx: okay
mooster HanOP 搞经济 抄底 加仓: yap