Market Insider

Wall Street looks to earnings to confirm valuations

The stock market, while volatile, could be stuck in neutral in the near term, as investors wait for the next wave of corporate earnings to confirm valuations that have the S&P 500 not far from record highs.

"We've gone dramatically sideways so far this year; I don't see that changing until we get into the meat of the earnings season," said Paul Nolte, senior vice president and portfolio manager at Kingsview Asset Management.

That leaves investors watching lots of basketball games until the second week of April, joked Nolte.