The S&P 500 Rallies With The Arrival Of 2021-Q4's Earnings Season

Blogger at Political Calculations • Oct 18, 2021 at 6:07 AM EDT

The arrival of earnings season with a strong showing for several large banks sparked a small rally for the S&P 500.

The arrival of earnings season with a strong showing for several large banks sparked a small rally for the S&P 500 (Index: SPX). The index' trajectory has risen back to the middle of the redzone forecast range:

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The S&P 500's trajectory is consistent with the projections for investors focusing on either 2021-Q4 or 2022-Q1, which have largely merged over the last several weeks. Between the two, the information provided by the week's news stream points to 2021-Q4 having the edge in drawing the focus of investors' forward-looking attention, thanks to the arrival of its earnings season and the confirmation of the Federal Reserve's plan to start tapering its purchases of U.S. government-issued securities in the next month.

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