employment report was needed for market confidence.
When there is uncertainty I think Mr Market looks at earnings as being in the past. Even if WY had beat by 300%, that is still in the past. When fear rules it takes recent history to restore confidence. Even during the crash of 08-09 there were companies putting up good earnings but the market ignored it for two quarters.
Now wy and pcl and others are free to continue their tempered growth trajectory. Pauses are a good thing. They prevent crashes.