How wise is it to expect the next move for stocks is up?

Founder and Publisher of the Switzer Report
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The wait between reporting seasons always gets you thinking about what, aside from company reports and outlook statements, will get stock markets going up or down? Obviously, it gets down to economic revelations and geopolitical developments.

Undoubtedly, the economic story remains crucial and if the perception wasn’t that the US economy wasn’t improving and that the Chinese economy is doing better than was expected, then I reckon we would’ve seen a few more sell offs and corrections, especially on Wall Street. And these would have hit us just as hard, as we don’t have great profit stories, our dollar is too high and our growth rate is OK and getting better but it’s not shooting any lights out.

On the geopolitical front, we have the North Korean missile madness and then President Donald Trump’s handling of the mess. However, we seem to be coping with this, market-wise, better than in any time since the GFC.

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