Third-quarter earnings season is underway, with Wall Street projecting earnings growth of 4.7%. As the first wave of major banks prepare to release their earnings on Friday, there's a possibility that this earnings season could produce a muted market reaction.

Yahoo Finance markets reporter Josh Schafer breaks down the details, discussing how factors such as election-related volatility and high market valuations may lead to subdued market reactions to third quarter earnings results.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Angel Smith