After seven consecutive monthly gains for the S&P 500 index, a string of six back-to-back monthly gains for the Dow, and a stunning string of 20 consecutive Tuesday rallies in the blue chips, markets were overdue for a pause, if not a pullback. However, the calls for a correction or total collapse back to the lows of 2009 appear to be a bit premature. [Read more…]
A SIZZLING SUMMER FOR STOCKS?
After seven consecutive monthly gains for the S&P 500 index, a string of six back-to-back monthly gains for the Dow, and a stunning string of 20 consecutive Tuesday rallies in the blue chips, markets were overdue for a pause, if not a pullback. However, the calls for a correction or total collapse back to the lows of 2009 appear to be a bit premature. [Read more…]