Markets need a catalyst beyond Apple’s new products to move them higher. And, if markets are to revisit the previous bearish trend, day-to-day two-way action needs to give way to a more durable trend. Bulls may have wasted some buying power on the last mid-June counter-trend rally despite the low volume quality of the effort. On balance, there hasn’t been any positive news.
Confidence and trust in markets (especially among retail investors) has never been lower. With HAL 9000s dominating daily trading it’s no wonder such is the case.
The stimulus package has proven a wasteful dud. The Fed has interest rates as low as they can go and Europe finds itself in a similar situation. Some are suggesting the Fed and Treasury will come up with some never before tried monetary tools to.....READ MORE!
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