Beyond energy markets and the potential for ancillary fall-out, the S&P 500, and this may be more important from a technical viewpoint, failed to hold that 50 day SMA.
I have to respectfully disagree with Jim Cramer's conclusions in his recent column, 'No Wonder Bank Stocks Have Been Hit So Hard'.
Will tech continue to trend toward leadership? Who among us can remember when it has not?
More than 450 quarterly reports are on tap, including 105 S&P 500 constituents.
With battle lines drawn between bulls and bears, several hundred earnings reports next week will paint a picture of what is really going on out there.
I have to believe that a few more weeks of lower oil prices and we will see more bankruptcy filings.
And when it comes to gyms and fitness, I would much rather be long Planet Fitness than Peloton. Not even close.
The first-quarter figures are the first to come out from around the world, though many nations surely will post similarly bad numbers.
There is likely to be some period of consolidation as market players assess the many crosscurrents that are occurring.
From the looks of the stocks of the banks, many of which reported excellent quarters, this group is in real trouble.