Suddenly, the two most important factors for stocks — the economy and earnings growth — are both bouncing back. At least, on the surface they are.
Last week, the government reported that third-quarter GDP growth clocked in at 2.9 percent, the best performance in two years. And as the earnings-reporting season rolls on, the S&P 500 earnings growth rate has climbed into positive territory and is on track for a 1.6 percent jump according to FactSet — which would be the first increase in profitability since the beginning of 2015.
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