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Overview:
- Earnings season in full swing, quite mixed results so far
- Key ones are banks and big tech companies
- Bearish: US stocks, AUD, NZD
- Bullish: EUR, Bonds, China stocks
- Neutral: USD, GBP, JPY, CHF, Crude Oil, Commodities, Crypto
News Last Week - Mixed Earnings
- Stocks rally concerns amid Federal Reserve's rate hikes, faltering earnings growth, and historical valuation
- Elevated inflation potentially impacting earnings in upcoming quarters
- Microsoft's Bing challenging Google in search market, increasing traffic acquisition costs
- Global online advertising slump
- China's surprising 4.5% Q1 growth despite housing market crash and conservative monetary policy
- Goldman Sachs' Q1 profit down 18%, Morgan Stanley's Q1 profit down 19% due to deal-making slowdown