Rising Rate Concerns

According to the Mortgage Bankers Association mortgage applications to purchase a home fell 5 percent for the week to the lowest level in two years. Purchase applications were 0.2 percent lower than a year ago. Mortgage applications to refinance fell 3 percent last...

A Surge In Stocks

Stocks end sharply higher yesterday, following closely watched midterm elections that saw Democrats take control of the House and Republicans retain their hold on the Senate.  The surge in stocks marks the best post-midterm election rally for the S&P 500 and Dow...

Moving On

Earnings growth surpasses prior two quarters. With about 75% of S&P 500 companies having reported, earnings growth is tracking to a 27.1% year-over-year increase, up from 25.2% last week and highest since Q4 2010. Meanwhile earnings expectations have held up...

Contribution Amounts Increase in 2019

U.S. stocks finished yesterday’s trading session mostly higher but weakness in the technology and internet-relate sectors limited an advance in the broader market.  Shares of Apple extended their post-earnings slide yesterday, after a report suggested iPhone XR demand...

Streak Busted

The S&P 500 increased 1% last Thursday, its third straight gain of 1% or more, the first such streak since June 2016. That streak ended Friday as markets closed down. The S&P 500 hasn’t been up 1% on 4 consecutive days since 1982. (LPL) Europe...