If it’s not stocks, it’s bonds! In a turnaround worthy of Bruce Willis in a ‘Die Hard’ movie, expectations for second quarter’s corporate earnings growth soared from below expectations, on average, in the previous week to beating expectations last week. Earnings growth estimates shot up to 4.1 percent which was a significant change from last…
Big Week Ahead Ahead of major economic news next week, it was a relatively quiet week for mortgage rates. Mixed economic data and average Treasury auction results provided little direction. As a result, mortgage rates ended the week just slightly higher. The big economic reports this week, New and Existing Home Sales, contained mixed news…
The Markets Singing the earnings song… Each year, in January, April, July, and October, most publicly-traded companies announce their corporate earnings results. These announcements can have a dramatic effect on companies’ share prices – and markets – especially when companies don’t meet analysts’ expectations. The way a company’s share price moves after an earnings announcement…