Stocks are lower as earnings have been generally disappointing. Bonds and MBS are up small. Earnings season is off to a lousy start, highlighted by a miss from Apple. The stock is down 8% pre-open. IBM and United Technologies (which is selling its Sikorsky unit to Lockheed) reported disappointing earnings as well. The NASDAQ has … Continue reading Morning Report: The median house price hits a record 7/22/15