The yield curve steepens

Weekly Update

Earnings turn up

Published December 9, 2016

 We have written a few times how the tremendous decline in energy earnings was pretty much the sole reason for the quarters-long negative streak in earnings for the S&P 500. Liz Ann Sonders from Charles Schwab wrote this week about the improving outlook for earnings and how that improvement has underpinned the recent stock rally. Here is what Mrs. Sonders had to say: (more…)