Why the Strong Dollar Isn't a Huge Threat to Earnings

The strengthening dollar probably isn't going to destroy fourth-quarter earnings season. That's the assessment from Steve Blitz, an economist and Real Money contributor. He said the euro's move against the dollar from $1.45 to a range of $1.05 to $1.15 did have adverse impacts on earnings. But the moves now aren't that significant.

"You're talking about going to $1.10 to $1.05, so it's not as quite as big of a deal," he said. Plus, the guidance issued from companies in forthcoming earnings reports is likely to reflect the euphoria surrounding some of President-elect Donald Trump's proposed policies.

On Thursday, Delta Air Lines (DAL) - Get Report reports earnings, while Bank of America (BAC) - Get Report , JPMorgan Chase (JPM) - Get Report and Wells Fargo (WFC) - Get Report  release results Friday.