"Nike's results showcased that premium consumers are still in good shape, which is obviously bullish for the overall consumer demand picture," Seeking Alpha contributor Ahan Vashi explained. "The market sentiment had gotten very negative after four straight negative sessions in the aftermath of December's FOMC meeting, and today's jump in equities provides some needed respite."
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"Nike's results showcased that premium consumers are still in good shape, which is obviously bullish for the overall consumer demand picture," Seeking Alpha contributor Ahan Vashi explained. "The market sentiment had gotten very negative after four straight negative sessions in the aftermath of December's FOMC meeting, and today's jump in equities provides some needed respite."