As the flight of capital from the Euro zone intensifies, the U.S. equity market could be an unsuspecting beneficiary, but Kevin Haggerty warns that in the meantime it is just the U.S. Dollar, Gold, and Treasuries that are the “safe haven” for this capital. Read his commentary to see what else is in store for the market.
Markets experienced another meltdown, but for day traders that understand how and when to trade extended volatility, it was a bonus day says Kevin Haggerty – and it’s obvious why.
Despite Europe’s sovereign debt problems and the market’s daily knee jerk reaction to each bit of news for the last 3 weeks, Kevin Haggerty expects the SPX to trade back above 1200 by Labor Day. Find out more in today’s commentary.
Stocks ended in a slump last week, but surged on Monday after European Union officials approved plans to bail out Greece. Is the market on it’s way back? Here’s Kevin Haggerty’s take.