JP Morgan (JPM) will report earnings
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The FOMC decision will be announced at 2:00 p.m. ET today.
Our fathers were our models for God.
The exception to the bright green market today was the financial sector (-0.5%).
The January effect is a seasonal increase in stock prices during the month of January.
J.P. Morgan is set to report Q1 earnings tomorrow before the market opens with a conference call to follow at 8:30am ET.
The biggest driver of today's weakness, though, is the underperformance of the heavily-weighted financial sector (-2.3%). It has fallen victim broad-based profit-taking activity.
The market will be paying close attention to several reports from the banking industry on Friday morning. The two "most important" being Bank of America and JP Morgan.
Don't be surprised to see the DOW 20K broken early tomorrow.