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Weekly Market Update for July 21, 2023, from DeWayne Hall: As the Summer Heat Rises, Trading Volume Remains Low

Weekly Market Update for July 21, 2023, from DeWayne Hall: As the Summer Heat Rises, Trading Volume Remains Low

U.S. stocks continue to build out a topping pattern. We think we’re slowly approaching the 7th inning stretch of the slow turn, but the dog days of summer should allow the bull a little longer to run if it wants. 

Can we expect continued low trading volume throughout the summer? 

Trading volume remains low as the Wall Street big boys have headed to their summer retreats, where they don’t like to return before Labor Day. So maybe, just maybe, we stay calm and carry on for a few more weeks. Enjoy the heat. 

 

The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.

 

 

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