• Hedgeo Team

CORE MARKET: Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street

Apple Inc. realized Wall Street’s worst fears with a Presidents Day warning on Monday — that it won’t be able to meet second-quarter financial guidance due to the coronavirus. READ HERE

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On the economic menu for today is the second estimate for fourth quarter GDP, which is expected to be unchanged at 2.1%, while durable goods orders for January are likely to show a 1.5% decrease (vs.