Stock Market Outlook: Buy and Sell Signals Are Flashing at the Same Time
Here's a round up of the buy and sell signals that have flashed in the stock market over the past month, sending mixed messages to investors.
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Here's a round up of the buy and sell signals that have flashed in the stock market over the past month, sending mixed messages to investors.
"We would not sell into weakness with signs of intraday downside exhaustion supporting a rebound that could preserve support," Stockton said.
"When investors start worrying more about credit risk than interest rate risk, we will enter a new and more troubling phase of the economic cycle."
Strong growth is expected for the third quarter, with the Atlanta Federal Reserve's GDPNow estimate putting it at 5.4%.
"While we are not suggesting that consumption is going to fall off a cliff, a moderation in spending should be expected," Raymond James said.