Stocks Rally as Earnings Season Kicks Off, But Strategist Predicts Trouble Ahead
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The stock market rallied Monday, with the Dow gaining over 300 points.
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Morgan Stanley strategist Michael Wilson remains pessimistic, predicting big losses ahead for this earnings season.
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Key companies reporting earnings this week include Goldman Sachs, Bank of America, Netflix and Tesla.
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The first week of earnings season saw companies beat estimates at a higher than average rate.
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Corporate earnings fell 5% last quarter, the third straight quarterly decline.
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