Bad News: Bad Earnings Are Sure to Fall
@OptionsDelta:
The first three companies to watch today: $JPMorgan Chase(JPM)$ , $Delta Air Lines(DAL)$ , and $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ . They represent the financial sector affected by interest rate hikes, the tourism sector affected by inflation and the pandemic, and the luxury sector theoretically benefiting from inflation. Not surprisingly, the financial sector has been hit hard, with share prices slumping. Airlines have been affected by inflation, but the cost of passing on tickets, and the epidemic is no longer affecting travel, so the rise in share prices makes sense. There's no way to explain why Louis Vuitton is down, so wait and see.