Stocks Rally as Earnings Season Kicks Off, But Strategist Predicts Trouble Ahead

The stock market rallied Monday, with the Dow gaining over 300 points.

Morgan Stanley strategist Michael Wilson remains pessimistic, predicting big losses ahead for this earnings season.

Key companies reporting earnings this week include Goldman Sachs, Bank of America, Netflix and Tesla.

The first week of earnings season saw companies beat estimates at a higher than average rate.

Corporate earnings fell 5% last quarter, the third straight quarterly decline.