The process of 2021Q2 financial reporting season has been significantly accelerated. Last week, the financial reports of banking stocks generally exceeded expectations, but the market was cold. Investors' expectations were too high, and the decline in trading income was the potential reason. Among the more than 40 companies (accounting for 8% of S&P 500 companies) that have announced their results so far, 85% of them are expected to beat earnings, which is the second highest in history since the financial crisis, while the earnings forecast of US stocks in this quarter remains around 70% year-on-year. (Mainly contributed by industries that recovered after the epidemic, such as energy, materials, finance and optional consumption) More than 250 companies will report results this week, in