The focus in the coming weeks will be corporate profits 🤓
The week will kick off with the banking and financial sector, where the market will focus on adjustments to loan provisions and their forward guidance on how rising interest rates and post-SVB regulatory costs will impact their portfolios.
Regardless, the current situation appears to have paved the way for a "full and clear" rally, with stocks vulnerable to a short squeeze, although some investors have likened the current situation to the late 1997-99 rally, which was also In a similar Fed cycle, there are clear similarities between today’s AI investment narrative and the early dot-com boom at that time.
