In addition to the evolving situation on the ground, there are market-based indicators that are just as useful in clueing investors on what happens to stocks next.
"Although seasonality is bullish and sentiment remains mostly constructive, this deterioration across several notable market indicators could delay and/or could test our conviction in a summer rally for US equities," said Stephen Suttmeier, the chief equity technical strategist at Bank of America. In early June, there were disproportionately more advancing companies than decliners listed on both the New York Stock Exchange and in the S&P 500. These trends helped confirm the rally that rounded out the benchmark index'sHowever, this breadth indicator began to weaken in June. Suttmeier considers the slump a risk for the month of July, which is seasonally a strong period for the market.
Watch the economy and the stock market crash Along with the middle classes 401(k)s if Joe wins
21 July it will come down crashing!
Abolish money it’s the problem not people or our government Food clothing shelter medicine transportation communication education technology should be free and guaranteed in life Equality for all Freedom for all
Pence Warns of Young People Testing Positive as Hot Spots Worsen ['
Second U.S. Virus Wave Emerges as Cases Top 2 Million ['
Fauci says coronavirus may be mutating to become more infectious:
Virus Survivors Could Suffer Severe Health Effects for Years ['
Fauci Says U.S. Risks 100,000 Daily Cases in Dire Virus Warning ['
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