Although Alcoa announcing its quarterly earnings has always been the unofficial start to earnings season, times have changed.
- Alcoa is still one of the first major companies to announce, but a few others have recently been announcing earlier.
- Alcoa is expected to announce earnings this week and many others will soon follow.
The market continues to be bullish but will earnings season move it lower?
Key Reports this week:
- Jan 17: Industrial Production
- Jan 17: Beige Book
- Jan 18: Jobless Claims
- Jan 18: Housing Starts
- Jan 19: Consumer Sentiment
On the Cryptocurrency front, in the early morning hours Monday, Bitcoin saw an almost 20 percent decline, dropping as low as $11,199, while Ethereum and Litecoin plunged more than 20 percent.