People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City.
Spencer Platt | Getty Images
Earnings season is upon us, but traders will be far less interested in fourth-quarter results than in first- and second-quarter guidance.
The problem is it’s not clear that CEOs will cooperate.
Big banks like JPMorgan Chase kick off earnings season on Friday on a good omen: Banks are strong going into earnings season.
“This is the first earnings season in recent memory where banks have been leaders going into earnings season,” said Tactical Alpha’s Alec Young.
Indeed, the SPDR Bank ETF (KBE), a basket of large banks, is up 30% since the…