Good afternoon. We’re here to help you get ready for the week, which features a veritable tsunami of corporate earnings. Everyone knows results will be good, but nothing goes up forever, especially not the stock market. Profit forecasts are coming down, but bonds aren’t acting as though inflation is a big concern, so interest rates remain placid. At least for now.
Signature Bank and Valley National Bank report earnings. These midsize banks are big lenders to commercial real estate and small-business borrowers. How many of them have resumed paying down their loans? Numbers were improving before the Delta variant.
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