Q4 earnings season starts today with most big banks reporting. C report was bad. JPM report was dressed up by reversal of old loss reserves into earnings but the market isn't buying it. Retail sales fell.
So, economic slowdown may be happening whatever the causes (Covid-19/Omicron, high prices, wages not catching up, supply-side disruptions).
For those following AAII Sentiment Survey, it turned bearish yesterday (a contrarian indicator).https://www.cmegroup.com/