Wells Fargo set record profits this morning and JPM beat the numbers.
Despite this stocks slumped giving back their gains from yesterday.
Citi reports before the bell on Monday and the Street is pessimistic.
“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny