Is There Minimal Upside For Stocks Through Year s End? benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
U.S. Treasury bond yields are on pace for their biggest weekly retreat in more than a year Friday, as traders look through the hottest inflation data in decades and buy into the Federal Reserve s narrative that price pressures will ease as supply chain bottlenecks and labor market shortages ease over the second half of 2021
Dow Plunges Nearly 500 Points In Biggest Drop Since February As Worst-Case Inflation Fears Mount forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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Market Moving Headline:
Historically speaking, the period spanning May to October is generally weak. On average, the S&P 500 is up as high as +2% during this six-month period.
“Stocks are up more than 87% from the March lows, suggesting a well-deserved pullback during these troublesome months is quite possible,” LPL Financial Chief Market Strategist Ryan Detrick said in a recent blog post. “But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we’d use any weakness as an opportunity to add to positions.”