See It Market: Corporate Earnings Update: Banks Disappoint, Big Tech On Tap

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Summary:

S&P 500 EPS growth for Q2 is set to come in at 4.2%, the lowest level since Q4 2020, and lower than expected at the start of the season
Mostly disappointing results from banks push expected growth lower
The LERI points to more companies showing signs of uncertainty heading into Q2 reports
Earnings to watch this week: NFLX, TWTR, TSLA
Peak weeks for Q2 season from July 25 – August 12