Earnings season brings uncertainty to stock market.

Analysts expect corporate America to be in an earnings recession after Q1 earnings season, with earnings per share for S&P 500 companies expected to drop 6.8% from the prior year. This follows a 4.6% decline in Q4 2022, pushing profits for the market's biggest companies into a recession. The news isn't expected to get much better in Q2, with expectations for another 4.6% drop. Some strategists believe the market is still pricing in a "no landing" scenario, but expect investors to eventually heed the warnings being sent by corporate bottom lines.