Up to this point the 2nd quarter earnings reporting season has been coming in mixed  with companies like Intel and Apple having their best quarters ever and yet other companies such as Bank of America and Citi struggling through this unusual cycle. Then you have the Fed chairman coming out yesterday proclaiming uncertainty in the economy in his semi-annual report to Congress. Not the events you want to see unfold if you are hoping for stability in a market that has been exceptionally volatile over the past few months. Well it looks like the mid-term elections are needed for the “catalyst” that could take these markets out of its recent uncertainty with the hopes that new blood can begin to take this economy and country in a much needed better direction. Until then lets see how earnings season wraps up over the coming weeks and look forward to new beginnings in the fall

Sincerely,

~George