Clients have been talking the economy up and the numbers which came out today did them some justice. It's the sort of thing that can get people interested in stocks again, coming after the reporting season. |
It was in line with our expectations which simply isn't good enough. You really have to beat estimates significantly to impress this market. |
The expectation was that interest rates would stay the same for a while yet. The market came off a bit after that comment to the contrary. |
U.S. markets were firmer, gold was a bit better, commodities are OK, so all is forgiven. |