If you sense that the U.S. stock market recently seems to trade up one day on a good data point, then trade down the next, when a negative data point is released, you're not the only one. Further, look for the Dow to remain range-bound, with rallies and pull-backs containing little conviction, until the U.S. economic outlook has been clarified.
U.S. Federal Reserve Chairman Ben Bernanke perhaps best summarized the U.S. economic outlook when he termed it "unusually uncertain." Don't misunderstand: The U.S. economy continues to grow, albeit at a slower pace in the second quarter, but conflicting data regarding what's next abounds.
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U.S. Economic Uncertainty Creates a Range-Bound Dow originally appeared on BloggingStocks on Wed, 28 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.
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Federal Reserve System - Ben Bernanke - United States - BloggingStocks - Stock market
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