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US open – Earnings, IMF, oil slump, gold, bitcoin
A dash of reality The last month has been much better than the one the preceded it for stock markets, but the rally may be running out of steam as earnings season brings us back down to earth. Results from the banks this week will provide a much clearer picture of the economic consequences of the coronavirus and what lies ahead. JP Morgan and Wells Fargo’s numbers were sobering, to say the least, while others this week may bring investors back to earth with a bang, starting with Goldman Sachs, Bank of America, Citigroup and Delta Air Lines today. There was no sugar coating from the IMF on Tuesday, either, as the ... (full story)