Analysts are forecasting a -6.8% change YoY for earnings, and a +1.8% change for revenues (with inflation greatly increasing the cost of doing business.) In economics news, we're watching for the March CPI and PPI on Tuesday and Wednesday, respectively. March retail sales, import prices, and April consumer sentiment point towards a potentially consequential week for the markets. With the S&P 500 trading at 18X forward earnings, equity bulls are an endangered species.
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