Disinflation Rally
Five Words The combination of 5 dovish words from the Fed and encouraging data on the economy was able to overcome lackluster earnings reports and drive stock prices higher. Earnings reports continued to be subpar midway through the fourth quarter earnings season with the expected blended earnings decline expanding to -5.3%, compared to -5.1% as of the end of last week and -3.3% at the end of the fourth quarter. Negative [...]