First quarter earnings season kicks off this week with several big banks reporting this Friday, including
sector bellwether JPMorgan Chase (JPM). This quarter will seem quite similar to the fourth in terms of
growth and drivers, with mega cap technology leading the way. But importantly, the point when the “493”
will start contributing to overall profits is drawing closer (the 493 refers to the S&P 500 minus the seven
mega cap technology stocks).

Click here to download PDF