While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
The new cut will likely draw thousands back to theaters and could finally push "Avengers: Endgame" above and beyond the record $2.78 billion "Avatar" has earned since its...Entertainmentread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
Credit Suisse's top strategist told CNBC on Wednesday the one thing that he is most concerned about as markets stage a comeback.
"There's total inconsistency in the underlying earnings data," Jonathan Golub, chief equity strategist, said on "Fast Money."
About 14 percent of S&P 500 companies have reported fourth-quarter results thus far. Nearly three in four of those companies beat earnings estimates, but just about three in five topped sales forecasts. Profits were up 13 percent, but that's the slowest growth since fourth-quarter 2017.
"The revenues are knock-the-lights-out good, and the margins are horrifically bad, based on Wall Street consensus expectations," Golub said.
Still, Golub said there are two positives injecting faith in the market.
The first is that the Federal Reserve has finished raising interest rates in this cycle. "That's what the market believes, and I think the market's going to be right," he said.
The second is a drifting volatility index that has fallen almost 47 percent from its Christmas Eve close. The CBOE Volatility Index closed down Wednesday at 19.52.
"As we have a VIX that moves towards 15 and below that, you're going to have a market that's going to continue to rally," Golub said.
There can be challenges if the VIX rises again, because that's when investors tend to sell off, which explains the fourth quarter, he added. Last year was the worst year for stocks in a decade, which Golub said in December was unjustified and there could be a "big surprise" in 2019.
Golub has a year-end target of 2,925 for the S&P 500.
"I think that the way you play this is an option space either where this is going to be a much bigger return to the upside or this thing is going to get ugly. I don't think you're going to get something in the middle," Golub said.
The S&P 500 saw a 5.80-point bump on Wednesday, closing at 2,638.70. The index is up 5.26 percent this year.