Three Big Predictions as Stocks Approach New Highs

by Greg Guenthner
Daily Reckoning

If you blink you might miss it…

As investors pressed their bearish bets post-Brexit, the world abruptly stopped falling apart.

Stocks halted their skid and turned higher this month. After all the handwringing, the S&P 500 is within spitting distance of its all-time highs. Even the Dow Jones Industrial Average is less than 170 points from smashing through to uncharted territory.

Unless the market encounters a catastrophic failure, we can expect to see the major averages post new highs this week.

That might come as a shock to you.

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