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Wall Street braces for its first big week of second-quarter results as a derailed stock market rally slouches into summer.

George Soros to Marc Faber predicted the rebound in equities will falter as the market braces for a seventh straight quarter of declining earnings. “It’s a bear-market rally because we have not yet turned the economy around,” Mr Soros said in an interview with Bloomberg Television. “This is not a financial crisis like all the other financial crises that we have experienced in our lifetime.” Alcoa Inc. reported a $497 million net loss in the first quarter, the second straight for the largest U.S. aluminum producer, as the global recession reduced demand for the metal used in automobiles and appliances.