Markets Retreat Amidst a Strong Earning Season

Markets Retreat Amidst a Strong Earning Season

This week the markets took a negative turn as, once again, the stimulus conversation did not seem to be reaching any sort of conclusion. With House speaker Nancy Pelosi walking back her deadline for a fiscal stimulus bill, the market was left uncertain as to whether a stimulus deal would be put in place any time soon. With many earnings reports still to come and a looming election, it is not surprising to see the markets failed to make a strong move in either direction, as investors continue to be cautious due to the rising number of coronavirus cases in the US.

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