Louis Navellier opines this week about how political distractions can be good for stocks and looks at the actions of central bankers.
The S&P 500 declined a little (-1.07%) last week as nervous investors misinterpreted central bankers’ words rather than watching their actions – i.e., their continued pump-priming to boost economic growth. I oftentimes view these occasional pullbacks as new buying opportunities, especially for some companies that aggressively buy back their existing shares. And now, after a brief Memorial Day pause, the market will likely continue rising, based mostly on improving second quarter sales and earnings trends.