Even without an ‘earnings apocalypse,’ stocks need to drop 15%, says strategist

Stocks are pointing to a slightly lower start to the week, as investors face a who’s who of earnings this week.

We’ve largely heard from the banks thus far and the news hasn’t been as bad as expected, but this week it’ll be the turn of the all-powerful tech sector, along with other important corners of the economy. Heading into that, the S&P 500 SPX is up 0.5% this month, while the Nasdaq COMP is down 1.2%.

Even…