The narrowing of the trade gap and claims coming in at four-year lows has a lot to do with today's market action.
I'm not bearish. I don't think we're going into a recession and I'm not worried about deflation ... But earnings growth should only be about 7 to 8 percent this year and guidance for earnings keeps coming down.
Earnings are coming in pretty much on target. We do have an option expiration so there is a lot of noise.
Earnings are coming in pretty much on target.