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2015 Opens with Wild Swings in Stock Prices
If nothing else, stock market action got the attention of investors last week with huge swings, including both a breathtaking one-day decline followed by a big single day recovery. For the week, stocks dropped less than 1%. Meanwhile, bond prices benefited from declining interest rates.
We’re embarking on uncharted territory this year, including a bull market entering its sixth year and rock bottom interest rates that have to rise sooner or later. But the one constant amidst the many factors that influence stock prices are quarterly earnings reports which commence this week.