A look at the day ahead from Julien Ponthus. For all the turmoil across financial markets yesterday, the Nasdaq creeping dangerously near correction territory and closing below a key 200-day moving average probably came as the least surprising feature for investors. After all, dumping expensive tech and growth stocks when bond yields rise as the Federal Reserve embarks on an interest hike cycle is seen as basic stock market trading 101. Going overweight on banking stocks on tighter monetary policy is another common trade but that one backfired spectacularly when Goldman Sachs missed quarterly profit expectations and plunged 7 percent as rising expenses bit into its fourth quarter earnings. Traders are now waiting for Bofa and Morgan Stanley to update the market today and see whether the key theme of this new earnings season might just be rising costs, including pay, denting profits across all industries. With European and U.S. …