US stock market outlook

by: J.D. Steinhilber

The stock market rally that began in late April gained momentum in July, as the S&P 500 moved to a new bull market high while small and mid-cap indexes rose to new all-time highs, writes J.D. Steinhilber, founder of ETF newsletter and investment management firm Agile Investing. The stock market’s very strong performance in the three month period through July is attributable to two factors.

First,  persistently low long-term interest rates, which have provided more than enough stimulus to offset the Fed’s “measured