Stocks Stare Down a 'Low Bar'
Second quarter earnings season has officially begun. This week, the biggest banks set the stage for what could mark the SaP 500’s first quarterly profit decline in three years. Will underwhelming results be enough to spur further gains in equities this year? Evan Brown, head of multi-asset strategy at UBS Asset Management, and Bloomberg finance reporter Lananh Nguyen, join Sarah Ponczek and guest co-host Chris Nagi this week. Also on the episode, a look at U.S. dollar policy with the possibility of intervention in the headlines. Mentioned in this podcast: Banks' Record Earnings Show Fed Is Key to Whether Fun Continues BofA Counters Trading Slump With Gains in Consumer Banking Mnuchin Currency Remark Seen Raising Risk of FX Intervention White House Knows It Needs the Fed to Make a Dent in the Dollar
