Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
There's a lot riding on Goldman Sachs' earnings report Tuesday. Already high expectations for a block buster quarter moved up a notch Monday when usually bearish banking analyst Meredith Whitney put a buy on the stock and said the firm's earnings will show a huge upside surprise.
Here comes the corporate earnings season, and there's no doubt it will be more important than most. Alcoa's after-the-bell report Wednesday signals the start of the second quarter reporting period, which traders say could be a turning point for a very tentative stock market.
Cash on the sidelines is likely to now "dribble" into stocks after the gains made since early March, says Citigroup strategist Tobias Levkovich.
Stocks enter the second half of the year with trepidation, despite the fact that the economy may finally start to show real signs of recovery.
After a strong third quarter, economists are ratcheting up fourth-quarter growth forecasts but to a somewhat slower pace.
Year-end buying could push the Dow to 18,000, a psychological level that could give any Santa rally more steam.
OPEC talked down the oil market, sending crude sharply lower, while warm weather and growing supply hit nat gas prices.
As the Santa rally lifts stocks higher, Wall Street's expectations for 2015 gains have gotten slimmer.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC's Senior Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.