Is “Good News” Now Good News?, Apple’s Rough Report, and Media Momentum 2/3/23
The Exchange
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Mortgage Rates Jumped Back Into the High Fives for the First Time Since September
Mortgage rates just jumped back into the 6% range after falling into the high fives yesterday. Apple is on pace for its highest close and best weeks in September, despite its first earnings missing nearly seven years. It's been full stream ahead for media stocks to start the year but a lot of these names are still way off their recent highs. Can the rally roll on or will it run out of steam? We'll debate that next.
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