Recently, the overall market has continued to decline amid multiple bearish news.The Fear & Greed Index has shifted from “greed” a month ago to “fear.”Are your attitudes also shifting from FOMO (Fear of Missing Out) to fear of being trapped in a downturn?Bank stocks got off to a bad start.Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ ,
Hold or Sell? How to Trade This Earning Season?
After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies. Tesla and Meta will release earnings next week.
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