It doesn’t seem logical
that the stock market will keep going up (with all the bad news out there), but the US economy is still growing. There are questions about how much longer that may last, though. Even so, here’s an article that might give some hope
for continued advance in the S&P 500.
From CNBC:
Think US Stocks Are Bad?
Try Everywhere Else First
“U.S. stocks
are outperforming the rest of the world by the biggest margin in eight years as
Europe’s financial crisis and China’s slowing growth make America's troubles
seem tame…“With this trend still in
place, we believe investors should continue to overweight U.S. stocks, and more
specifically, U.S. stocks which generate the majority of their sales in the
U.S.,” wrote an analyst from Bespoke Investment Group, the research firm which
brought this milestone to light in a note to clients.”http://www.cnbc.com/id/48302869?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
I think that gives some
hope for the S&P 500 to move up from here, but I am not optimistic in the
longer term.
MARKET
Wednesday
the S&P 500 finished unchanged at 1338. The VIX fell 5-1/2% to 19.34.
NTSM
The NTSM analysis remains
HOLD at the close on Wednesday.
MY INVESTED POSITION
Based on the BUY signal, 6
July, I moved back into the market on 9 July (after the weekend) at S&P 500
1352. I now have a 50% stock allocation
overall. I am underweight my usual
aggressive allocation for stock because there’s a lot of risk now.
