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  • Citigroup (C) tops earnings expectations

  • Many major banks to report second quarter results this week

  • This week, more than 600 earnings reports are scheduled

July 15, 2019

Another "WATCH" List

What a week it was. Multiple record intraday and closing all-time highs for the S&P 500 and the Dow Jones Industrial Average grabbed most of the week’s headlines. Equity prices lifted after the minutes of the most recent policy committee meeting and Jerome Powell’s press conference indicated the Federal Reserve would retain a highly accommodative credit policy, probably leading to a July rate cut. The market’s performance belied concerns that second quarter corporate earnings might show two straight quarters of year-over-year declines.