Dovish Fed Needed

This is a busy news week with earnings, economic releases and the FOMC statement.

PRE-OPEN MARKET COMMENTS MONDAY - Earnings season is in full bloom and the results so far have been in line with historical results. The blended earnings growth rate for Q1 S&P 500 EPS currently stands at 3.5% and that is inline with expectations. The blended revenue growth rate is 4.0%. Of the 46% of S&P 500 companies that have reported for Q1, 77% have beaten consensus EPS expectations. This is also in line with historic performance. AMZN will report after the close Tuesday and AAPL will report after the close Thursday.

Daily Bulletin Continues...