When economies do well, stocks do well so people have higher prices to use as currency.

When markets reopened Schwab saw good activity and volatility for the last half of September. It was better than expected.

The exchange space is generally going very well today, with other exchanges up as strongly or nearly as strongly as CME.

They had very strong results relative to the environment.

But the magnitude of the cap-ex revision clearly signals not just a recovery but that foundries are beginning to take a significantly larger role in manufacturing.

It's worse than the most bearish forecast, and certainly a surprise.