Need to Know: The fate of the S&P hangs in the balance — and these 3 factors should decide it [MarketWatch]
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The fate of the S&P hangs in the balance â?? and these 3 factors should decide it The â??slower summer seasonâ? is nearly upon us. For investors, that means if this market isnâ??t crashing, then itâ??s bullish. So says Cracked Market blogger Jani Ziedins, who thinks the path of least resistance for equities is still higher, largely because a) scary trade headlines donâ??t have the bite they did months ago and b) the â??sell the newsâ? crowd largely bailed out weeks ago. (A reboot on that war of words between North Korea and the U.S. ahead of the an on-again, off-again summit may be another matter.) While Ziedins seems fairly at ease about this stock marketâ??s direction, and futures have an air of summertime laze about them, you might want to sit near the lifeguard based on our call of the day . It comes from Canaccord strategists Martin Roberge and Guillaume Arseneau, who say the S&P 500 has been following a â??correction road-mapâ? since the 10% February pullback, but now faces a
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