LimLS
2022-07-19

Up to now, 6 banks had reported their earnings. 3 missed expectations, 3 exceeded expectations, but all are not that good if compared to last year. 2022 is not a good year for the banks and they had being falling since Jan. The market had sort of priced in the weak earnings from bank and remain calm up to now. The earning season had started and more companies reports will set the pace for the US market. For this week, 3 potential reports (Netflix 19th, Tesla 20th, Snap 21st) to look out for. If they missed the expectations by much, it might rock the market. As such, observe more, do less. It's not a good time to place our bets yet. No clear direction for the market and things may go south fast with just 1-2 very bad reports.

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