The news of the month was an "emergency" cut of 0.75% in the Fed Funds rate on January 22nd, followed by an additional 0.50% cut on January 30th, for a total of 1.25% in a week. This is the largest reduction in the Fed Funds rate ever.
Read More
The S&P 500 gained 6.2% in the second quarter and is up 6.9% for the year. Coming in to the April earnings reports, stock analysts were universally pessimistic about US corporate earnings growth, expecting only 3.9%.
Read More