Traders have been buying everything this month, and that could continue to push prices higher in stocks while fueling a turnaround in bonds and gold. Headlines Hide the Good News in Earnings Despite some headline grabbing disappointments, earnings season is actually off to a good start. About one-fifth of the companies in the S&P 500 index have reported earnings,… Read More
Traders have been buying everything this month, and that could continue to push prices higher in stocks while fueling a turnaround in bonds and gold. Headlines Hide the Good News in Earnings Despite some headline grabbing disappointments, earnings season is actually off to a good start. About one-fifth of the companies in the S&P 500 index have reported earnings, and 66.4% have beaten estimates. Over the past four quarters, 64.6% of companies have beaten estimates on average. We are still weeks away from knowing what the number will ultimately be for this quarter, but it is a promising start.#-ad_banner-# Headlines have been focused on the companies that have come in below expectations. That list includes Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT) and Google (Nasdaq: GOOG). INTC fell 3.6% for the week, MSFT was down 12%, and GOOG was off 2.9%. These losses weighed down PowerShares… Read More