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1.Market Observations, 8.Was Sticky

27 Apr 2017 (CNBC) – US earnings season: Halfway through earnings season, and the market likes what it sees

(27 April 2017, CNBC online, Bob Pisani)

‘Stocks have rallied this week on a combination of lower geopolitical worries (French election), long-awaited tax cuts now in play and — perhaps most importantly — earnings guidance that has generally been better than anticipated. I am talking about full-year earnings guidance, not just first-quarter earnings reports. That guidance has been strong so far, particularly in industrials. The largest names have not only beaten guidance, but they also raised full-year estimates, including:…

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