"Don't fight the fed has been the clear message this year. Earnings season will be very important to see how the businesses are handling macro issues. It's important to see how the consumer, corporations, and the economy withstand the pressure of an aggressive Federal Reserve and high inflation," says Ken Van Leeuwen. He also states Netflix (NFLX) earnings were a positive sign for some FAANG stocks, regardless of what the current overhang is with inflation fears.