Big Bank Earnings, Xi Jinping’s Rule in China, and UK Bonds. 10/14/22
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It’s a busy day on Wall Street, with JPMorgan, Citi, Morgan Stanley, and Wells Fargo all expected to report Q3 earnings before the bell today. Argus Research’s Stephen Biggar breaks down what to expect. Plus, China President Xi Jinping is poised to cement a third five-year term this Sunday, making him the country’s most powerful leader since Mao. China Beige Book’s Shehzad Qazi explains the impact. And, investors continue to keep one eye on the situation in the UK as they also turn their attention to earnings season. Palisade Capital Management’s Dan Veru and Aureus Asset Management’s Kari Firestone discuss the trading day ahead.