I don't think Main Street cares. But it would improve the mood on Wall Street. Little things like this matter in improving sentiment.
More Quotes from Brian Gendreau:
Earnings are definitely a positive factor but the market is still trying to sort out a lot of conflicting news.Brian Gendreau
Practically in every quarter lately, we've had this feeling that we're at the peak, this is it, no more growth. That's why you see a lot of volatility but, ultimately, the Dow or the other indexes end up not having moved much. But one day we may see earnings growth decelerate, and it could be this year.
Brian Gendreau
But it's going to hurt consumer-staple companies.
Brian Gendreau
There are a lot of bargains out there in large-cap growth stocks.
Brian Gendreau
I think you're seeing the market raising its estimates on economic growth, but that also may mean higher rates. So we're still digesting what all this means, and the result so far is a flat-to-lower market.
Brian Gendreau
It just so happened that we had a number of big-name, negative reports come in to start things off, and it just went from there. Turns out that wasn't indicative of where things are. Earnings are very strong.
Brian Gendreau
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