On Wednesday we noted that earnings season had gotten off to a rough start. In fact, just one out of the first sixteen companies that reported beat earnings estimates. But over the past two days the reports have gotten better. Of the last fourteen companies that have reported, ten have beaten estimates. So while the total beat rate for the entire week remains low (11 out of 30), things look a lot better now than they did mid-week. The market appears to have noticed this as well.