If you listened to some stats, you might see a bullish session on Monday and a new record for the S&P 500
SPX, + 0.56% ,
In addition to the historical models that followed, Wall Street encouraged trade chats and profits in turn. But Tuesday looks tougher as investors face disappointing results from Alphabet, Google's parent company, while Apple
AAPL, + 1.00%
FB, + 0.80%
report revenue on Wednesday.
We are also on a day of potential reduction in Federal Reserve interest rates. Some expect this to help the stock recover its rocky start in October.
But our call of the day from UBS strategists warns that a big threat is to wait for stocks: earnings expectations.
"Every bear market in the last 50 years has witnessed a real decline in S&P 500 upfront revenue," says lead strategist Francois Trahan, who presents a worsening landscape in a note to customers.
He says that the consensus between the annual growth rate of S&P 500 upfront revenue has fallen to just 1
"Ultimately, the most vulnerable macro stock backdrop emerges when earnings growth turns negative as LEIs move downward. (pushing [price-to-earnings] lower), "says Tr Khan, who offers yet more sinister graphics:
He also suggests that investors should not count on the Fed throwing stocks here, as interest rates and stocks are positively related at the moment, which means that if interest rates are lower, stocks will follow, as has been the reaction after the last two cuts.
YM00, -0.17% ,
are in red. Asian markets
ADOW, + 0.48%
Indigenous plant alternatives are rage, but shares in one big company in this space, Beyond Meat
BYND, + 4.56% ,
got a bad reception at the end of Monday until the first profit in company history, as our chart for the day shows.
As of late Monday, Beyond Meat's shares, which debuted on Wall Street in May, were down 55% from the high of $ 234.90 on July 26.
Profit from the Manufacturer of Printers and Copiers Xerox
XRX, + 0.92% ,
drug companies Merck
PFE, + 1.39% ,
and Kellogg Food Company
K, + 0.28%
upon completion, Amgen biotechnology results
AMGN, + 0.97%
AMGN, + 0.97% ,
video game maker Electronic Arts
EA, + 0.43%
and toy maker Mattel
MAT, + 1.28%
GOOGL, + 1.95%
are excluded after missing profits (read all about the recent profit of company expenses ). And in stock at Grubhub food delivery group
has been ruled out for disappointing results.
shares after the oil and gas giant turned into a huge loss.
Pacific Gas & Electric
says that his power lines may have started two fires; it will cut more electricity on Tuesday as several flames burn in the state.
Case-Shiller housing prices, consumer confidence and pending home sales are forthcoming. The Fed's two-day meeting, which is expected to lead to a reduction in interest rates, also begins.
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