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Even without an 'earnings apocalypse,' stocks still need to drop 15%, says strategist

Need to Know Last Updated: April 24, 2023 at 7:20 a.m. ET First Published: April 24, 2023 at 6:46 a.m. ET Critical information for the U.S. trading day Investors may not be out of the woods, even if they can get past earnings season unscathed, says Matt Miller. Getty Images/iStockphoto Stocks are pointing to a

even-without-an-'earnings-apocalypse,'-stocks-still-need-to-drop-15%,-says-strategist

Need to Know

Critical information for the U.S. trading day

Investors may not be out of the woods, even if they can get past earnings season unscathed, says Matt Miller.

Getty Images/iStockphoto

Stocks are pointing to a slightly lower start to the week, as investors face a who’s who of earnings this week.

We’ve largely heard from the banks thus far and the news hasn’t been as bad as expected, but this week it’ll be the turn of the all-powerful tech sector, along with other important corners of the economy. Heading into that, the S&P 500 SPX is up 0.5% this month, while the Nasdaq COMP is down 1.2%.

Even…

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