Monday, 19 September 2016

US stocks could fall but bull run likely intact

Stock markets were mixed last week.

The S&P 500 rose 0.5 percent but the STOXX Europe 600 fell 2.2 percent and the MSCI All-Country Asia Pacific Index fell 2.3 percent.

While the S&P 500 rose marginally last week, Richard Suttmeier thinks that US stocks are likely to fall in the next few days.

However, Charles Schwab's chief investment strategist Liz Ann Sonders thinks the bull run is still intact.

"Just digesting the fact that central banks are not omnipotent and that we may have to move to other sources of opportunity for both the market and the economy I think is something the market has to digest, but I don't think it kills the bull market," she told CNBC on Friday.

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