Thomson-Reuters stated today that earnings were lower by 22% for those companies reporting thus far which compares to 24% lower for the previous period. That’s not that great is it?
The bottom line is stocks globally continue higher, the dollar continues to fall, commodities rise and bonds remain in some altered universe.
Apple beat by a mile and Texas Instruments beat marginally. So stocks are higher in after hours trading and should rise tomorrow. What can stop this from happening? I don’t know, but that’s why they play the game.
We’ve got more earnings tomorrow and more economic data.
Let’s see what happens and you can follow our pithy comments on twitter.
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