As political risk fades, earnings may start to matter again

"In 2020, the fundamentals kind of went out the window," said Matt Amberson, principal at ORATS.

NEW YORK: With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.

For months, earnings and economic data have largely taken a backseat as investors grappled with two overarching uncertainties and their ultimate impact on financial markets: the changing political landscape in Washington and the coronavirus pandemic sweeping the globe.