Start of Summer Blahs, Prelude to a weak Summer/Election Rally
Oil is acting up again, we still don’t like it. Look for the stock market basis the S&P 500 to churn around in a tight 1333 to 1386 area for a week or two, making Fridays late high 1363 a minor swing point.Â So trader types can be buyers below 1351 and wait for something to happen.Â Abby Joseph Cohen, the sometimes influential Goldman Sachs guru says the market is going back to 1500 by the end of the year, wrong, but one can ride along to 1386 or 1420 and then get off the train.
Working Â on your golf game might be the most rewardable venture for the moment.
8:46 AM CDT