Since President Obama’s re-election the prevailing market sentiment on Wall Street has seemingly shifted from one of uncertainty to undeniable euphoria. With fiscal cliff drama off the table and improving manufacturing data from China, investors saw little reason to stick with safe haven assets in the new year. Equity markets have been rallying strong in 2013, with major indexes like the S&P 500 posting five-year highs, as generally upbeat corporate earnings have kept confidence levels elevated. While bullish price action continues to reign supreme, the number of experts calling for a market top seems to be growing by the day [see Visual History Of The S&P 500]. Among the most common critiques of the ongoing stock market rally is that there are no fundamentals supporting it. It’s true that the Fed’s QE programs have been the driving force since the recent financial crisis came to a simmer; however, that is [...] Click here to read the original article on ETFdb.com. Related Posts: Mid Day Roundup: Stocks Floating On Hope Homebuilder ETFs Face A Tough Road Ahead Tax Uncertainty Hits Homebuilder ETFs Confidence Report Weighs On Homebuilder ETFs 5 Best (And 5 Worst) ETF Performers Over The Last Year
Since President Obama’s re-election the prevailing market sentiment on Wall Street has seemingly shifted from one of uncertainty to undeniable euphoria. With fiscal cliff drama off the table and improving manufacturing data from China, investors saw little reason to stick with safe haven assets in the new year. Equity markets have been rallying strong in 2013, with major indexes like the S&P 500 posting five-year highs, as generally upbeat corporate earnings have kept confidence levels elevated. While bullish price action continues to reign supreme, the number of experts calling for a market top seems to be growing by the day [see Visual History Of The S&P 500]. Among the most common critiques of the ongoing stock market rally is that there are no fundamentals supporting it. It’s true that the Fed’s QE programs have been the driving force since the recent financial crisis came to a simmer; however, that is [...]
Click here to read the original article on ETFdb.com.
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