The Stock Market's Day of Reckoning Is Just 8 Days Away

The stock market soared in 2020, defying all expectations after a truly amazing rebound from the coronavirus bear market in February and March. The rebound was brought about by the speed with which some companies shifted gears to adapt to radical changes in economic and business conditions, as well as the optimism of investors to look beyond the immediate impact of the COVID-19 pandemic to foresee a better future.

Now, 2021 is here, and investors are trying to figure out what direction the stock market will go in the coming year. Bulls are looking forward to deployment of coronavirus vaccines to get the economy back into a full gallop, while bears fear that anything short of a full return to normal could disappoint the markets. Speculation about what the coming months will look like is running the gamut from euphoric to apocalyptic.

Earnings reports give investors the truth they need to get past emotional highs and lows and embrace reality. And on Wednesday, Jan. 27, the stock market will truly have its day of reckoning. On that day, investors will get three key earnings reports from Apple (NASDAQ: AAPL), Boeing (NYSE: BA), and Tesla (NASDAQ: TSLA) that could send markets soaring or plunging.

Source Fool.com