The market’s focus was clearly on the midterm elections last week (November 3 – 7) with the Republicans taking control of the Senate — as expected — and adding to their majority in the House. While the certainty
provided by an election outcome has been positive for the stock market over time (as we wrote in our September 2, 2014, Weekly Market Commentary: “Midterms May Mean More Gains for Stocks”), our still positive stock
market outlook is based much more on fundamentals. It does not get more fundamental than earnings, so this week we provide a wrap-up of third quarter earnings season….