that the stock market rally is taking? we ll see a big rally at the start of trading. we ll open up 200 points on the dow jones because the earnings story is strong. we re expecting third quarter earnings to be up 22% year-over-year. the corporate sector is doing well. the back drop for the economy. that s strong. as the economy improves, interest rates start creeping up. when you have a two-year note that is yielding 3% or close to it. that s attractive and so you might say okay, i get the safety of treasuries to go buy the two years and 3% and i don t have to worry and i can sleep at night and don t have to worry about the risk of the stock market. that s why you ve seen some disruption. the stock market will come back. if you want to create and generate wealth the stock market is the best place to do it. we ll have volatility and people will decide do i want notes in the two year 10 year
the stock market opening just a couple minutes ago marking the longest bull market run in u.s. history. nearly 9 1/2 years of unprecedented gains. joining me now maria bartiromo anchor on mornings with maria on fox business network. this is a major milestone for this market. it has shown resilience, maria. to show this kind of run-up. that s really the key, the resilience of it. the rally we ve seen in stock prices is based on real fundamentals. based on earnings and economic growth. for a time it was based on the federal reserve and cheap money. you know the federal reserve went to zero on interest rates after the financial crisis. it was all on the feds to take us out of that financial crisis in 2007. but it did. rates were low. it helped things come back and then it was all about the corporate sector and earnings. when you look at the earnings story they re strong. 26% profit growth in the first quarter.
rates faster than expected. history has shown us when you have a rising rate environment, especially with rates moving faster than expected, that can have an impact on consumer spending. so that of course is a big concern. despite the rebound we re seeing on wall street today, yes, the dow is up about 200 points, nasdaq and s&p 500 higher as well, we re still witnessing one of the most volatile weeks in wall street history with the dow down about 9% just this week. again, on those concerns not just about the economy but rising rates as well. we ve been seeing a lot of volatility in the bond market. one silver lining here that a lot of traders are pointing out is the earnings story. it s been pretty strong. in fact, the companies that have reported earnings in the fourth quarter, hallie, 80% have beat on sales. that s the highest on record since 2006. so that of course is a bullish sign for some of the investors who are waiting on the sidelines wondering if they should get back into thi