Earnings Season Opens With Big Banks and TSMC as Cramer Flags 6% Bond Risk
Updated
Updated · CNBC · Oct 9
Earnings Season Opens With Big Banks and TSMC as Cramer Flags 6% Bond Risk
3 articles · Updated · CNBC · Oct 9
Summary
Tuesday through Thursday brings reports from JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, ASML and Taiwan Semiconductor, a run Cramer said should replace recent market guesswork with clearer evidence on profits and AI demand.
Wednesday’s CPI and Thursday’s PPI and retail sales are central because Cramer wants proof inflation is easing beyond energy while investors test whether consumer spending is holding up.
Bank stocks could rebound if results beat lowered expectations, he said, favoring Goldman, Wells Fargo and Morgan Stanley while sounding more cautious on JPMorgan’s rich valuation and Citigroup’s turnaround.
TSMC and ASML are the key readouts for chip shares: stronger guidance or demand commentary could lift Lam Research and Applied Materials and spark a broader AI rally.
A plus-6% long bond remains the main threat to that setup, Cramer said, with heavy Treasury borrowing and data-center financing keeping yields elevated and pressuring valuations.