The second-quarter earnings season will kick off later this week with a wave of financial stocks reporting their most recent quarterly numbers.
Between rising interest rates and fear of a full blown trade war with China, the market has struggled to find its footing over the last couple of months, and has been stuck in a fairly tight sideways pattern since early February.
Gains the market enjoyed following the recent tax reform have faded, with plenty of analysts believing that the negative impact of a trade war with China will erase the benefits of lower corporate taxes.
With so much uncertainty surrounding the market at this point, traders really need to see a good earnings season for the market to have any hope in resume its upward trend.
The financial sector is going to be highlight of the season in its first week, but there are plenty of big name stocks that report early on that could set the stage for the rest of the season.
Let’s take a look at five important reports that will come toward the beginning of the next earnings season.