About 3/4‘s of the companies in the S&P 500 that have already reported second quarter earnings beat their estimates. This sounds impressive, but according the Bank of America Merrill Lynch the stock price reactions have been muted (despite the S&P 500 pushing the 2500 level).
Yesterday the Chicago PMI was lower than expectations, but Pending Home Sales was higher than expectations. Nothing can go wrong if housing sales are strong, right? We get[...]