We have a list of all companies reporting earnings, last week it was only 2.5 pages long and this week it is 10 pages. About 30% of the S&P 500 reports earnings this week. From last week, the banks were generally better than feared. The banks are being well managed in a tough regulatory and interest rate environment. The long term fundamentals of the banks are likely better than most sectors of the market.

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Market in a Minute 2015-10-20