Earnings are more important to markets than the Fed, says Citi's Stuart Kaiser

Why are earnings more important than the Federal Reserve. >> It's a good question. If you asked me a month ago going into the FOMC blind, would that be a smaller or bigger event than earnings.I would have said bigger. But, you know, the market seems pretty content right now that given the data that's coming in, the Fed's going to cut twice into the end of the year. Kind of takes that off the table a little bit in terms of a source of uncertainty.And, you know, to all your point, I mean, valuation is very hi ...