Been in the hospital from Thursday, July 4th to Sunday, July 7th. Out of the hospital as of yesterday, ready to make my first post since not feeling so well...
Most of the news today revolved around the opening of Earnings Season, and how Alcoa (AA) lead the charge with a strong beat both on profits and on revenue. A lot of the rhetoric coming off of Wall Street is they expect a strong earnings season, so we'll see if that materializes.
On the negative side, rates for mortgages have climbed, making mortgages more financially unattractive than they had been. This comes on the heels of news that the housing market in general is making a recovery.
On the whole kind of a soft news day, although it'll be interesting to see how this earnings season plays out...
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