Earnings are very much the focus of trading as we continue this week, the busiest of the season. Investors want to see that US corporations are still providing returns for shareholders in the face of rising commodity prices.
The sooner U.S. investors can see the end of this current interest rate cycle the better.
The market did not attract the sort of bargain hunting that many expected yesterday which just shows how cautious investors are following Friday's sell off.
Now market participants are saying that investors should expect range bound trading to continue into next week when the Fed makes its interest rate decision.
Even though the market has fully priced in today's expected 25 basis point rise, investors will be listening out for any hints about the future path of their tightening policy,