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Earnings Season Starts Off with a Bang!

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Earnings season began in earnest today and stock futures projected a forward looking outlook.  Early in the session 69% of companies reporting had improve earnings and 85% had exceeded expectations.  If this trend continues markets could rally strongly.  What held us back from advances today was likely news about tensions between Turkey and Syria.  The Dow, which moved from 25,000 to 26,000 in the fastest 1,000 point gain in history, lost 10 points today.

Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

An almost 400pt reversal doesn't bode well for the rest of the week. If we get a government shutdown then this might be the top unfortunately. Hopefully people get their act together, soon.

Jan 16, 2018 04:19 PM