JPMorgan, Citi, and others helped unofficially kick off the heart of Q3 earnings season on Tuesday. The market did slip on the day, but the downturn followed a strong stretch that saw the market post its best week in months.
The S&P 500 has popped roughly 4% in the last month, as it regains momentum from its early September tumble. The positivity comes as Wall Street grows more hopeful about a second stimulus bill, and analysts look to the possibility of a decisive victory in the presidential election.
On top of that, investors appear to be expecting solid overall quarterly earnings results that showcase an improving trend as the economy slowly reopens. And the most recent Zacks estimates clearly support the broader market optimism on this front (also read: Q3 Bank Earnings in the Spotlight Next Week).
That said, near-term volatility could remain and the coronavirus creates the possibility for