Earnings season always gets lots of hype, and this one has been no different. This QTR was expected to be an easy comparison to Q4 (Recession of 2008), and it is as over 70% of reporting companies have beaten greatly reduced estimates due mostly to cost cutting and layoffs, but that is not the case for top line growth.
The VIX is trading below its lifetime average of 20 with analysts calling for a potential drop to 15. Stocks rallied for another session on earnings anticipation despite a disappointing retail sales report.
When it comes to oversold sectors, find out which funds are at the top of the list for high probability traders to keep an eye on today.