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Stock impact report

Need to Know: A correction is coming, but don’t ‘head for the hills yet’, says BNY Mellon [MarketWatch]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: MarketWatch
A correction is coming, but donâ??t â??head for the hills yetâ??, says BNY Mellon After days of dull stock action, weâ??re seeing signs of life as earnings season kicks off. China blasted out pretty upbeat exports data Friday, setting the tone for what could be an upbeat day, as banking giant J.P. Morgan results came in better-than-expected. The S&P barely budged this week ahead of earnings season as investors avoided taking risks - the index is up 15% so far this year. â??That being said, nobody is rushing to the exits looking to lock in the big gains either,â? notes Michael Oâ??Rourke, chief market strategist at JonesTrading. Liz Young, director of market strategy at BNY Mellon, is among those who are a bit unsettled by how far and fast equities have risen this year. But in our call of the day , she maintains this isnâ??t a moment for investors to â??head for the hills.â? â??Whatâ??s making me nervous about [the stock rally] is that we seem to be ignoring some of the risks that st Show less Read more
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