BULL MARKET LIVES TO DIE ANOTHER DAY
Fears over the potential death of the American bull market were allayed on Monday as U.S. stocks set a new record high, beating out the stocks of May 2015 for the top spot. However, the good news does not stop there. The June jobs report showed a dramatic increase in hiring, lifting investors’ spirits even higher and alleviating concerns that the United States economy is entering a slowdown period. These joyous tidings are surprising, given that the global market is in such turmoil after the Brexit referendum. Following the vote, the DOW Jones index dropped nearly 900 points over the next two days, making this recovery all the more remarkable. Despite the euphoria, it is always the job of investors to remain cautious, and that is just what they are doing. Many warn that stocks may be too pricey in these circumstances.