Markets rose on Wednesday.
The S&P 500 rose 0.5 percent to a record high, the STOXX Europe 600 rose less than 0.1 percent and the Shanghai Composite rose 0.8 percent.
“The mixed earnings picture and comments on the economy that we have heard from companies so far now coincides with a somewhat mixed technical backdrop for the market in the near-term,” said Dan Russo, chief market strategist at Chaikin Analytics.
Indeed, MarketWatch reported that measures of market breadth have deteriorated in recent weeks.
And corporate earnings could remain weaker than currently expected.
“Anything less than a rapid rebound in the global economy will probably result in weaker earnings than the [current forecasts],” said Oliver Jones, economist at Capital Economics, “which in turn would probably cause global equities to struggle”.
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