Critical information ahead of the U.S. market’s open
by Victor Reklaitis
Wow, stocks keep hitting all-time highs even as the world goes to hell in a hand basket, playing Pokémon Go along the way.
That’s basically what market pundits are saying, as Dow futures catch their breath after another record.
“It’s fantastic to see the market doing so well, particularly after a wild start to 2016,” says Rivkin analyst James Woods. The U.S. presidential race and other events still could shake up traders this year, but Woods says his outlook is “not one of pessimism.”
The most important takeaway for the year so far, says South Texas Money Management’s Jim Kee, is that “you cannot time markets (i.e. getting out and ‘waiting for clarity’) and you shouldn’t try.”