Read this list of stock-market pros and cons to gauge if the summer rally is over, or just getting started

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Is there still room for stocks to race ahead?

With the summer rally in stocks seemingly on hold as investors wait to hear from Federal Reserve Chairman Jerome Powell on Friday, one technical strategist has put together a list of ‘pros and cons’ that could help investors clarify their thinking about where the market is headed next.

However,... With the summer rally in stocks seemingly on hold as investors wait to hear from Federal Reserve Chairman Jerome Powell on Friday, one technical strategist has put together a list of ‘pros and cons’ that could help investors clarify their thinking about where the market is headed next. However, Asbury Research ultimately expects selling to continue over the long term, as the bearish trend in stocks that began in January remains intact, even if it has been tested by the summery rally, according to a Tuesday note to clients.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed ahead of annual Fed meeting after China cuts rateAsian stock markets were mixed amid a China rate cut as investors looked ahead to this week's Fed Jackson Hole meeting.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla stock split, Peloton earnings, Fed Jackson Hole symposium top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Source: FoxBusiness - 🏆 458. / 53 Read more »