Could you cover an unexpected expense of $400? Forty-seven percent of Americans recently told the Federal Reserve they couldn’t, adding that they would need to borrow from family, raid investments, sell something or go into debt to cover that cost.
Beginning this week, we’re moving into the heart of earnings season for the second quarter of 2015. Whereas the early earnings numbers tend to be concentrated in specific industries, all 10 of the Standard & Poor’s 500 sectors will be represented in this week’s reports. This widening allows us to start identifying trends that may have a bearing on the quarters ahead.