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Navellier - "Bernanke Bounce" Lifted Market to New Highs

Posted by WrapManager's Investment Policy Committee
July 17, 2013

Louis Navellier looks at Ben Bernanke's comments and their subsequent affect on the markets.

"The S&P rose 40 points (+2.96%) last week, reaching a new closing high above 1680. The biggest gain came Thursday, following a series of positive economic indicators and Ben Bernanke’s dramatic change of heart on U.S. monetary policy. This week, second-quarter earnings announcement season will begin in earnest. Currently, analyst expectations for second quarter sales and earnings are so downbeat that any positive surprises will likely result in a continued rise to yet more new market highs."

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