Sizable earnings beats from Big Tech and the big banks are likely to drive a surprise lift in corporate profits this earnings season. S&P 500 index SPX, +0.39% companies are now projected to show positive earnings growth of 1.7% for the fourth quarter, with 58% of results already in. That …
Read More »Rates remain historically low, Wall Street waits on Congress
The main headline in housing is yet another week of historically low mortgage rates. However, the extremely low rates are starting to have an adverse effect on purchasing power. This week, and for the eighth time this year, Freddie Mac’s 30-year fixed-rate mortgage average hit an all-time low. The latest …
Read More »