What could soothe markets? Solid earnings, economic reports
Saturday, 13 October 2018 WASHINGTON (AP) — After a harrowing week for financial markets, investors will look for solid corporate earnings reports and healthy economic news over the next few weeks to calm things down. This week, sharply higher bond yields, fears of faster rate hikes, and the prospect of a long trade war between the United States and China prompted a two-day rout in the stock market. The Dow Jones Industrial Average plummeted 1,300 points on Wednesday and Thursday. Even as the Dow regained almost 300 of those points Friday, some experts said investors' concerns haven't been resolved.
In this video Jim Iuorio, Managing Director TJM Institutional Services and Bob Iaccino, Chief Market Strategist for Path Trading Partners preview Friday's Q3 U.S. bank earnings and discuss if a strong dollar coupled with the trade war has impacted these reports.
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