Given that uncertainty in the markets is rather high, a good earnings season would help instill some confidence in the markets. With banks having unrealised losses and facing the possibility of losses on mortgage loans (when borrowers default) due to the high interest rate environment, I think that good earnings results from banks would help give everyone confidence that the financial system is resilient and can withstand a degree of stress. A strong financial system is essential for a strong market, giving people the hope for the end of the bear market and the start of a bull market.
Modified in.2023-11-05
2023 Q1 Earning Season
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