Earnings reporting season kicks into high gear next week with Alcoa Inc. (NYSE: AA) reporting after the close on Monday. All eyes and ears will be on what the company has to say regarding the health of the economy from their vantage point and what they forecast for the future. In fact, there are high expectations from the street across the board as to what most companies will be reporting in their results and what their outlooks are.
For me, earnings and outlooks will be a huge catalyst in whether or not equities continue to advance or if we see the correction that the short sellers have been waiting on for months now. My position is to wait to see how earnings play out and what the forecasts truly are before any meaningful investments are made.
Have a great weekend.