Steve Sosnick, Chief Options Strategist, Interactive Brokers Group, looks ahead to a crucial earnings season for investors.
With worries about the US economy slowing down, this earnings reporting period will be one to watch closely.
Here’s Sosnick’s take:
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Alcoa’s report is being seen as sign of a troubled earnings season. Analysts that were slow to cut EPS targets across the board may be the bigger worry.
October has a scary reputation with investors because it has featured some of the biggest crashes in stock market history.
Economic narratives shape our understanding of the markets
The possibility of more violence and a potential oil shortage have raised the cost of crude, lifted interest rates and sent stocks south just as the Nasdaq could have posted its 14th consecutive gain.
