by Gerardo Del Real
U.S. stock markets continue to set record highs. The Dow, S&P, and the NASDAQ all had record closes on Thursday. The first time since 1999.
Those calling for a stock market crash continue to be proven wrong. I believe this will continue to be the case, for yield drives cash into dividend-paying blue chips with solid balance sheets.
Despite the record highs in the U.S. stock market, the economy continues to signal it is far from robust.
U.S. retail sales growth was flat in July while the producer price index fell 0.4% in July, the biggest drop in nearly a year.