MINNEAPOLIS ( Stockpickr) -- Third-quarter earnings season begins in earnest when Alcoa (AA) reports results on Oct. 11. For those looking to get a head start on trading earnings, several big names report results this week, including Costco (COST - Get Report), Yum Brands (YUM - Get Report), Marriot International (MAR) and Constellation Brands (STZ - Get Report).
Investors have endured the brunt of speculative selling over the last few months. With earnings, we can move beyond speculation and begin adjusting to actual facts. Sellers are betting on a recession, and they may be right.
Recent economic data would seem to suggest that recession is inevitable -- as does as a recent report from the Economic Cycle Research Institute. In fact, the leading economic indicators that the institute follows are indicated that a recession may have already begun.