Behind the market's turbulent start | Earnings season to test investors | The new Federal Reserve

Earnings season picks up momentum in the week ahead with big financials, like Goldman Sachs and Bank of America reporting, along with Procter & Gamble, Netflix and many transports.

VIEW IN BROWSER | SUBSCRIBE SAT, JAN 15, 2022 WEEKEND BRIEF EDITOR'S NOTE Earnings season picks up momentum in the week ahead with big financials, like Goldman Sachs and Bank of America, reporting along with Procter & Gamble, Netflix and many transports.   This earnings period could shape up to be a test of the view of many investors that cyclicals and value are set to outperform tech. It will also be an important look at how hot inflation is affecting profit margins.    "Earnings are expected to come in at 20% growth year-over-year. The companies will probably beat that... and will come in at 25% to 30%," said Jonathan Golub, Credit Suisse chief U.S. equity strategist. Golub said the earnings growth of cyclical companies will far out pace technology profit growth. "Energy, materials, industrials, these old economy companies are expected to deliver much better earnings growth and not only now," but in subsequent quarters, he said.   There are a few economic reports including the Federal Reserve's Empire State manufacturing survey and the Philadelphia Fed survey, as well as housing starts and existing home sales. The Treasury market may be quieter in the four-day week because Federal Reserve officials are in a quiet period ahead of their meeting on Jan. 25-26. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD Earnings season is the next big test for the market and value stocks in the week ahead   MICHAEL SANTOLI'S MARKET COLUMN The reasons behind the market's turbulent start to 2022 and why the bears are not yet in control ACTIVIST SPOTLIGHT Activist hedge funds launched 89 campaigns in 2021. Here's how they fared   YOUR WEEKEND BRIEFING  The Fed is about to see a lot of new faces. What it means for banks, the economy and markets Here are Wall Street analysts five favorite stocks heading into earnings How the U.S. fell behind in lithium, the 'white gold' of electric vehicles What rising interest rates mean for the cluster of newly public space stocks Fed's Harker calls for 'action on inflation,' sees 3 or 4 rate hikes likely this year Inside the metaverse economy, this is what will be for real in 2022     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS