The first big round of sector earnings comes with the banks, and there's not a lot of optimism going around when it comes to this part of the market. JP Morgan Chase & Co begins the run of financials results with results due out Wednesday, followed by Bank of America, Wells Fargo and Citigroup later in the week; big investment banks Morgan Stanley and Goldman Sachs are due to come early next week.
from Financial Regulatory Forum:
By Scott McCleskey for Thomson Reuters,
NEW YORK - Elections, like other forms of reality TV, provide moments of great entertainment but are often short of actual reality. It seems both parties this year need to have (at least) one candidate who captures airtime and ink with populist ideas unmoored from the practical world of getting things done. Democrats, not to be out-Trumped by Republicans, feature Bernie Sanders and his platform for Wall Street reform.