Global stocks surge as investors ignore record new COVID-19 infections and pin their hopes on the start of earnings season
A Wall Street expert sees a retail-investing trend that preceded the dot-com bubble and financial crisis bubbling up again — and warns it will end 'abruptly and painfully' for the stock market
Wall Street's giants, JP Morgan, Bank of America, Wells Fargo, Goldman Sachs, By Mellon and Citigroup, will post quarterly earnings this week. "I expect that trading revenues will outperform once again as market volatility continues. More attention is likely to be given; however, to the big banks' forward guidance on the global economy, and the level of bad debt provisioning," he added.
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