And In Financial News

[Yooper]

Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies reporting so far have beaten expectations. Based on forecasts and actual reports, earnings for the S&P 500 as a whole are expected to decline 1.7%, the first negative quarter in three years. Some forecasters had projected an earnings decline of 4% or more.
...

At the same time, investors are feeling better about global growth and far less fearful of a recession in the near term. One reason is that China’s data has also been picking up. This past week, China reported first-quarter GDP at 6.4%, slightly better than the 6.3% expected by economists.

Link: "Earnings and data could be proof that slowdown fears were overblown"

Interesting post. In an age where "data drives" it never ceases to amaze me how so much of the market is driven by at least two of the four basic emotions (fear and joy).

--- End of line (MCP)

 

[stgislander]

Careful. You're opening yourself up for a page-full of bitchsplaining by our resident Keynesian.