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Almost everyone is exceeding estimates with a few minor misses. Most are even topping last years same quarter numbers. Google just came in at 10.13 vs an estimated 8.23. Apple is the only major player left to report.

Couple minor medical players that missed (Gilead appears biggest that was a bit surprising 1.11 vs 1.45 expected) and a few fast food types which was to be expected. Overall I’d say things have gone well.

Overall I don’t see a reason for the market not to head up unless it’s just that everyone already priced it in. NASDAQ has been screaming already so wouldn’t be surprised of some profit taking. Except it is July and most of the trade volume has been lower.

I just don’t think the DS expected the economy to be as resilient as it has been or for the administration to be as aggressive and solid with it’s response.

One thing that might cause some concern is the new stimulus thing dragging out. I’m not a fan of it but the market has already priced it in so if it doesn’t end up passing I expect the market to drop about roughly 5%.

I’m not an economist or a professional investor but with enough makeup and a stay at a Holiday Inn I could play one on TV ;-)