Interesting Economic Numbers

Funny how there are some very positive things happening with our economy and US businesses, but they are hard to find. I will admit that any positive news is being shrouded by the current Debit Ceiling issues, but they are worth looking and talking about.

Of the 231 U.S. companies have reported earnings, 181 had positive surprises, and 47 negative. The average surprise was an astounding gain of +7.12%

Comparatively, of the 127 European companies reporting, 59 had positive surprises, and 56 negative. The average surprise being a decline of -1.36%

Additionally, the U.S. dollar surged against the euro yesterday, trading at $1.4358. Albeit a small surge, more like a swell I would say, it is still good.

Treasuries were mixed, yield on the 10-year note at 2.981%. This is good news for 15 and 30 year interest rates as it continues its downward trend since the beginning of the year when it was 3.36%.

The best advice I was ever given was to "Question Everything, and Do Your Own Research." We have become a society of sound bite news and sensational events. Dig-in and take time to truly understand what is happening around us.