The cost of protecting corporate bonds from default dropped to a 10-month low this morning. Of...

|By:, SA News Editor

The cost of protecting corporate bonds from default dropped to a 10-month low this morning. Of the 55 S&P 500 constituents that have reported Q2 earnings, more than 70% were beats - by an average 11.2%! - leading one strategist to enthuse "the bulls are back."