Earnings season pessimism proving to be 'overdone': Strategist

As bank earnings roll out, earnings season is proving to be a promising one heading despite previous negative forecasts. Thomas Hayes, Great Hill Capital Chairman and Managing Member, shines a lot on the analyst pessimism and institutional skepticism on shifting economic outlooks. Hayes gives his thoughts on the likelihood of the Fed hiking interest rates just one more time based on disinflation data, saying a decision to stick to original Fed rate hikes would take a soft landing scenario "from a 95% possibility" to that of "maybe a coin flip."