April 16, 2024
Even without an ‘earnings apocalypse,’ stocks still need to drop 15%, says strategist

Even without an ‘earnings apocalypse,’ stocks still need to drop 15%, says strategist

Stocks got off to a cautious start on Monday, as investors face the who’s who of earnings this week.

We’ve largely heard from the banks thus far and the news hasn’t been as bad as expected, but this week it’ll be the turn of the all-powerful tech sector, along with other important corners of the economy. Heading into that, the S&P 500 SPX is up 0.5% this month, while the Nasdaq COMP is down 1.2%.

Even…

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