• Stocks fell as investors anticipated the start of earnings season and the release of a carefully watched inflation data, which is expected to indicate that consumer prices remained high.
  • As the Federal Reserve prepares to eliminate assistance, traders are anxious that inflation and supply-chain snarls would stifle business earnings and growth.
  • Fed's Bostic stated that the price increase is continuing longer than policymakers anticipated and that it is not acceptable to refer to it as temporary.
  • The requirements for beginning to trim the bond-buying program have all but been satisfied, according to Fed's Clarida.
  • The start of earnings season on Wednesday will be a significant measure of market confidence. Quarterly guidance, which had been improving in the months leading up to the previous four reporting periods, is now declining.
  • Experts expect profits at S&P 500 companies to rise 28% to $49 per share. That's down from a whopping 94% in the previous quarter, signaling the start of a deceleration that has traditionally indicated deteriorating market returns.
  • The S&P 500 fell for the third day. WTI maintained above $80 a barrel on speculation that a global energy crunch will continue to boost demand. Treasury 10-year yields fell, but the dollar remained stable.
  • As global central banks withdrew their support for the pandemic, the IMF warned of the potential of rapid and sharp drops in global asset prices and house values.
Osama G