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Financials helped kickstart a better-than-expected earnings season, but volatility gauges are pointing to the downside risks. Energy and gold shined as they looked to rally off of oversold levels. The Communications sector is about to have a big earnings week and option activity trends cast doubt on a repeat of the performance of the big banks. (XOP, GDX, GLD, EFA, XLC, SQQQ, HYG, ZM)
