Simon discusses how recent stock price reactions to earnings reports and an incrementally more hawkish Fed demonstrate to what extent news flow itself often matters less to financial markets than news flow relative to expectations. He places the current mini-correction in context, comments on what we have learned during this earnings reporting season and offers some reasons why the macro-economic picture might be better than the headlines suggest. He highlights encouraging earnings reports from AMZN, ABBV and T. 

WIG Stocks Covered: AMZN, ABBV, T 

Non-WIG Stocks Covered: None 

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