Friday, July 25, 2008

Goods and Improved Sentiments Lift Stocks

In what feels like a welcome shift in sentiments this morning, both the durable goods orders data and the consumer sentiment data surprised the markets to the upside. Earnings season thus far has been fairly positive also, lifting stocks somewhat to start the day. Even the price of crude oil has been cooperative, giving up its gains from yesterday and moving lower. Good news all!