@jessicainskip: The market cares about earnings more than anything. When you’re trying to analyze the impact of the Iran conflict, the subsequent impact of oil, and subsequent impact that the price of oil has inflation… how that affects consumer spending… the end result is the impact on earnings. Right now we are in earnings season. Coming into earnings season multiples contracted…. Which means the price are which investors are willing to pay for every dollar of earnings got smaller. BUT, this happens because the market sold off (so the numerator decreased). Expected earnings actual increased for tech and energy (the denominator). Which means we NEED earnings follow through or else… Shout out to @Eric | Personal Finance for being the best camera man and a great content creator! #stockmarketupdate