Coach Mark here.

As we await inflationary data to come out in the coming days it is easy to forget that earnings season is upon us. While there certainly will be macro narratives that emerge from the consumer and producer data in the next few days, the conversation in the market will quickly pivot to earnings results starting on Friday when the big banks report.

Earnings are important. At the end of the day, they not only give us insight not only in how a company has done (their results) but what they expect to do in the future (their guidance). On an investing level, identifying companies with strong fundamentals and growth is critical to success. Earnings is the window investors are given each quarter to help guide us to the best of what the market has to offer.

Earnings not only give us insight into what a company is doing, they can provide many clues to overall market sentiment. My brother Matt is great at sniffing this out on the Halftime Report. This last quarter he discussed several times that the earnings response was indicative not of the quality of the earnings reports but of an institutional bid that was pre planned if the earnings was acceptable. He was able to judge the earnings results with the price action and nailed this analysis and money kept flowing into those sectors he identified in the coming weeks afterwards.

Matt is my earnings expert. He provides not only individual company analysis during earnings season but can identify themes in the market that others miss. It is worth tuning into the Halftime Report each day during earnings season to catch his insight.

Have a fantastic Tuesday!

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Chart of the Day: Gold Futures (/GC)

One chart that has not cared about much of anything these days has been gold. While it will be interesting to see what all assets do this week with inflationary numbers gold appears to be pricing in something much bigger.

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