The disappointments from McDonald's (MCD) and UPS were execution related and not a signal of economic weakness. Reports for GE, Skyworks (SWKS), Starbucks (SBUX) and Honeywell (HON) were all very strong. This is the most important data today. So why didn't the market react? Maybe it's just priced in all the good news. What will happen when we get a weak report? A lot more than a 0.5% selloff. Good news + weak market = sell.