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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.
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...