Who would’ve thought that a half of the year’s already gone. For traders and economists, that means the seconds quarter’s done and another half is in the books. And stocks haven’t been doing well as of late.
Analysts are concerned about the real health of the economy the past half and whether or not it can usher another boost for the next half.
Stocks rallied in the later part of 2009 and into the first months of 2010 but got into a slump after issues like the European debt crisis spelled weaker economic health in general.
Financial data from the first half weren’t too good either. Home sales declined. First-quarter GDP had to be revised, and jobs are still an issue despite the boost from the census jobs.
As for the week ahead, a critical report will be the June jobs report to be relased on Friday. Bad jobs data would contribute to the possibility of a “double-dip” recession which will inevitable affect the market.
Source: CNN Money
