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The S&P 500 index is nearing the 7,000 mark amid an early earnings season that has seen generally strong corporate results.
Sonali Basak points out that these results are providing support for the market, even against a backdrop of volatility and ongoing geopolitical uncertainty.
Basak recently highlighted the morning routine of top investors, who track equity futures and bond yields to gauge daily market direction in her coverage of investor habits. In a separate article, she reported on WTI crude prices climbing above $100 and the impact of rising energy costs on U.S. CPI. Both developments have contributed to heightened attention on market drivers this earnings season.