Market is challenging OLD HIGHs and has violently snapped back in this month. No one was expecting this rally which was caused due to FED comments and earnings season. However, earnings is winding down and market has been ignoring cautious guidance provided by companies for rest for the year. Whats in store for us?
Market has taken everyone by surprise by a rapid recovery in last three weeks. In most parts, the gains came from testimony from FED chairman regarding fate of QE (regarding chatter about bond buying program every month). Earnings season will be winding down in next two weeks. Now the BIG questions is can this market sustain its momentum!!! What should we do?
What a come back! In past two weeks, market has snapped back and now close to challenging OLD HIGHS. All because of FED comments and of-course earnings seasons. But is this rally for real or mere BULL trap? Hard to tell, Isn't it!!! What to expect next?
Market appears to be recovering from the drop which occurred in mid June, however we are not out of the woods yet. Friday's job report was good and may provide much needed push to the market BUT earnings season is starting hence expect rise in volatility. Where are we headed and what to expect next!!!
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