July 2014 (WallStreetNews.Today) We remain bullish for the summer as the earnings season kicks into high gear. It’s not that we expect extraordinary corporate profit growth to propel the markets. Instead, we don’t see a reason that would stop current bullish momentum.
And that momentum has been strong. The Dow Jones Industrial Average advanced 109.43 points or 0.7% in June and is up 2.3% year-to-date (YTD). The NASDAQ performed even better with a 3.9% advance for June and a 6.4% rise YTD. Besides these measures, investors took note that the S&P notched the best second quarter performance since 2009 and both the S&P 500 and the Dow advanced for six straight quarters in a row.