Investors have had a lot to digest recently, and this is evident in the recent stock and bond market swings. Intraday market swings have been large as investors get new earnings reports, economic data, and comments from Fed officials.

Earnings season is upon us, and more companies began releasing second-quarter earnings results and offering future earnings guidance. We expect more companies to miss revenue and/or earnings projections and taper future expectations as we move through the earnings season. While this is largely priced into markets already, the headlines from these investor calls will continue to cause angst in markets

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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.