Earnings season has just kicked off with the big banks reporting, let’s look into this on the Weekend Market Review with Brett Witkowski.

We are starting to see the largest correction in the market since last October. Both seasonality and the earnings picture for big banks are affecting this. JP Morgan shared that they beat their earnings in Q1, though their interest expense went up 50% YoY which put their stock under pressure.

In terms of this market correction, remember that this is normal. We look at the average path of the S&P 500 during April since 1985, and we see Tax Day seasonality can spur this to happen with sell-off and corrective actions. Check back with us next week, to see further developments about this topic!