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Here’s why we can’t blame industrials earnings for recent selloffs

Strong Boeing Co. quarterly results helped support stocks on Wednesday, a day after post-earnings comments from Caterpillar Inc. tilted equities in the other direction and fed fears the markets’ best days are past. Both Boeing (BA) and Caterpillar (CAT) posted better-than-expected first-quarter results, which was also the case with other industrial behemoths such as Honeywell International Inc.(HON). The mixed reaction to their earnings may say more about investors than the companies themselves. “It’s all about investor sentiment,” said David Kudla, Chief Executive of Mainstay Capital Management.