The Future of the Stock Market Depends on Second Quarter Earnings

Breaching new highs in the S&P 500 rests on second quarter earnings.
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Breaching new highs in the S&P 500 rests on second quarter earnings.

That's the assessment from John Manley, chief equity strategist at Wells Fargo Funds.

Second quarter earnings, which kick-off this week with the big banks including JPMorgan Chase (JPM) - Get Report and Citigroup (C) - Get Report , are expected to rise 6.5% year-over-year according to FactSet.

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