scorecardresearchWhy Stocks Took a July Vacation From Fundamentals

Why Stocks Took a July Vacation From Fundamentals

Updated: 01 Aug 2022, 04:09 PM IST
TL;DR.
A discouraging economy took a backseat to technicals and relative valuations. Inflation will have a lot to say about how long that lasts.
NEW YORK, NEW YORK - JUNE 08: Traders work on the floor of the New York Stock Exchange during morning trading on June 08, 2022 in New York City. The Dow Jones, S&P and Nasdaq opened down for the first time in three days.   Michael M. Santiago/Getty Images/AFP
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NEW YORK, NEW YORK - JUNE 08: Traders work on the floor of the New York Stock Exchange during morning trading on June 08, 2022 in New York City. The Dow Jones, S&P and Nasdaq opened down for the first time in three days. Michael M. Santiago/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==