Financials and Commodities

So Happy Friday the 13th…wait is that a holiday? No. Ok scratch that. Put what is a thing is earnings seasons. And we are now underway with about 5% of companies reporting. Estimates are showing increase to the tune of about 16%, slight below the anticipated 20% boast the markets are looking for. I’d like to remind everyone that it’s not the numbers but the reaction to those numbers that will matter. JPM delivered today, but its counterparts failed to do so. The financials are a key component to the market’s overall health, so I believe careful attention must be given to this area in the face of some weakness today.