Well, it’s Tuesday and the onslaught begins – earnings that is. With JPMorgan, Johnson & Johnson and Wells Fargo under the microscope this morning. As Sam Stovall from S&P Capital IQ noted last week “it’s tough to fall out of a basement window” as earnings expectations have been slashed to a -5% growth rate for the quarter. To mix metaphors, the bar has been placed flat on the ground – almost any company can handily step over it.
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