While there’s a lot of optimism about a stimulus, it’s important not to count on it. There’s still a couple of housekeeping items before the weekend, including quadruple witching and Nike (NKE) earnings. As noted here yesterday, research firm FactSet says average S&P 500 earnings this quarter are expected to descend 9.9% year-over-year. It projects double-digit earnings declines for five sectors year-over-year, including a nearly 100% drop for Energy CMS earnings. That’s because JCP JCP enney (JCP) has emerged from Chapter 11 bankruptcy.

Source: Forbes December 18, 2020 14:15 UTC