Matthew Craft, AP Business Writer, writes Tuesday:
NEW YORK (AP) — Strong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday. Stock indexes rose after Coca-Cola, IBM and other companies reported better second-quarter earnings. The indexes added to their gains in the afternoon after President Barack Obama backed a proposal by six senators that would cut debt by $3.7 trillion over the next decade and raise the country’s $14.3 trillion debt ceiling.
I wonder how he knows that is the reason for stocks going up Tuesday? His Linkedin profile doesn’t shed any light on how he knows those are the reasons. Maybe it is just a mystery? There is no way he could have just made it up is there? Or perhaps merda taurorum animas conturbit?