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.
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