Markets are down this morning although much of the damage is a result of a middling profit report that surprised investors, who are used to Apple easily beating projections. The fact that the company chose to hide figures on the Apple watch sales also seemed to rattle Apple aficionados. Things are holding up surprisingly well after yesterday's moderate sell-off. Profit reports have definitely taken a turn for the worse over the last few days after what appeared to be shaping up as a sterling earnings season. For all of the geopolitical worries of the last few weeks, it seems that the fundamentals of corporate earnings are of most worry to investors...which is how it should be. Existing home sales came in above expectations and were the strongest since 2007. Gold continues to slump, down another 1% this morning while oil is up slightly. It looks like markets might overcome the Apple slump and strengthen to the upside as the day wears on.
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