Wednesday, 26 July 2017

S&P 500 at record high, “bull play still in place”

Markets were mostly higher on Tuesday.

The S&P 500 rose 0.3 percent to close at a record high and the STOXX Europe 600 rose 0.4 percent.

Early on Tuesday, however, Asian stocks finished mixed, with the Nikkei 225 falling 0.1 percent.

Terry Sandven, chief equity strategist at US Bank Wealth Management, said that “valuations are full, but we’re cautiously optimistic because earnings are increasing and the Federal Reserve remains accommodative”.

Ian Winer, head of the equities division at Wedbush Securities, concluded that “the bull play is still pretty much in place”.

No comments:

Post a Comment