Now What?

Now What?

Stocks stayed pressed up against the all-time highs on Friday. This leg of the bull market was set against a backdrop of mediocre to poor economic data…especially in the manufacturing sector.

The reason for this seeming contradiction is that most investors believe the recent economic weakness is transitory with better results on the way. If true, then the next round of economic reports should sport better data with higher prices as a result. However, if the poor numbers persist, then the natural reaction would be for investors to sell stocks.

I believe that cautious optimism is the right posture for investors at this time. Then keep a close eye on the important economic announcements that come out the first week of June. We will monitor them together and make appropriate adjustments to our strategy.

Best,

aka Steve Reitmeister

Executive Vice President, Zacks Investment Research

Annunci

Rispondi

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione / Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione / Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione / Modifica )

Google+ photo

Stai commentando usando il tuo account Google+. Chiudi sessione / Modifica )

Connessione a %s...