Graying Bull

The stock market is looking tired. After a furious bull market rally that has run for more than six years now, any extended period of consolidation is more than understandable. This is particularly true given the fact that underlying economic fundamentals remain dubious at best and valuations remain at historical peaks with corporate earnings now on the fade. But with global central bank liquidity still freely flowing, the fuel undoubtedly exists to continue propelling markets higher. Thus, the lingering question as we look out over the remainder of the year including the seasonally weak period from May to October is the following: can stocks continue their improbable rally for yet another year, or will the graying bull finally expire.

Please click on the link to read more of my article on Seeking Alpha.

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