Will the earnings season snap US stocks back to reality?

by Chris Becker

Save for the record high bubblicious NASDAQ, Wall Street is stalling out in the new financial year as the dual impact of the upcoming presidential election and the disastrous effect of the coronavirus takes hold. But good news everybody – earning season is around the corner!

Wall Street goes through this every quarter in a perverse way, leading to corporate America gaming and cooking their books to meet quarterly expectations instead of yearly or even five yearly financial plans. The financial industry loves this game so let’s see what’s playing, via Reuters:

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