Earnings Will Be Key This Week, but Keep An Eye On The VIX Volatility Index
- Earnings season moves into full swing this week. As always, they’ll beat expectation, but the key will be weather the guidance will be strong enough to create a rise in future estimates (which it did not do last quarter).
- The VIX is surprisingly high given that the stock market continues to rally. Whether it can roll back over quickly (like it usually does)…or stays elevated…could/should be very telling.