Mean Reverting Into Mega-Cap Earnings

Part of me hesitates to say anything that might be construed as "directional" ahead of mega-cap earnings in the US. Depending on how it goes for the six "Magnificent 7" members which report over the next several sessions, the "broad" (a misnomer in this context) market could continue to stabilize, rapidly recouping recent losses on the way to new records, or careen back lower again erasing what, headed into Tesla's results on April 23, was a strong two-day rebound. With that caveat, I did feel