STOCK MARKET: TOO MUCH OF A GOOD THING
The United States economy is blowing minds right now. After Brexit, there was a staggering amount of fear, uncertainty, and plunging stocks. Now, less than three weeks later, the stock market is reaching all time highs and shattering expectations. Along with a strong showing from the DOW Jones, S&P 500 and NASDAQ, the unexpectedly positive July jobs report is perpetuating the fervor that has started to grip the economic world. However, when levels are this high, a reality check is often in order. Peter Boockvar, chief market analyst at The Lindsey Group, said that while the stock market is giddy right now, investors should remain cautious due to extremely pricey stocks. Despite this warning, independent investor Peter Kenny believes that the factors causing the rally in the stock market are all based in reality and as such, the market still has some way to go before peaking.