Wall Street

Marketmind: Which earnings to the rescue?

Published by
Reuters

A look at the day ahead from Danilo Masoni. Traders have sold the latest rally, and savagely, tipping world equities back on the brink of confirming a bear market pattern. And the fear behind the rout is that the support which strong earnings have provided so far against pressure from rising rates is starting to dwindle. Big-box retailers on Wall Street showed the world how painful inflation and supply chain problems can be, while adding to concerns that the American consumer who powers the world’s top economy might not be in as strong shape as thought. That sent investors rushing for the exit…

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