Press Room

Morning Comment

April 10, 2019 Stocks fell yesterday. While the media blamed it on jitters over possible weak first quarter earnings, the more likely reason was simply profit taking.

First quarter earnings season gets started tomorrow as three major banks are due to report results in the morning.  The flattened yield curve and lower rates will be a headwind to traditional banking while the strong dollar will hurt international results.  On the other hand, a strong stock market will benefit those banks heavily involved […]

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