Critical information ahead of the U.S. market’s open
by Barbara Kollmeyer
August can be a tough month for stocks — and a market that seems to get more listless by the day isn’t making it speed along any faster.
Of course, who’s ready to really push onto autumn and the U.S. election, for one thing?
That lethargy is pretty understandable, says Panmure Gordon & Co.’s David Buik. He notes that over the past couple of months, stock markets “have performed beyond the call of duty,” facing down Brexit, lower global-growth views and ongoing uncertainty about exactly what kind of fuel central banks have left in the tank.
The main reason stocks aren’t going anywhere, Buik says, is that the alternatives still aren’t “very unappetizing.”