Lackluster U.S. earnings dismissed by rising markets
In this week’s market update:
- It was a “bad news is good news” kind of week in the markets, as ho-hum U.S. earnings data – as well as lackluster data globally – was largely ignored by rising equity markets
- Russell’s view on the ongoing Greek bailout drama, and why the STOXX® Europe 600 Index continues to rise
- What China’s growth concerns and market returns may mean for emerging markets globally
On this week’s Market Week in Review video, Chief Investment Strategist Erik Ristuben offers his views on a variety of global markets this week, including the U.S. market where earnings data wasn’t much better than analysts expected, yet the NASDAQ and Russell 1000 indexes hit record highs.
Mark Soupiset hosts this week’s market update, which also looks at concerns over Chinese growth despite a strong week in China’s equity market, and a look ahead at what Ristuben expects in the ongoing saga of the Greek bailout. Soupiset and Ristuben also discuss Russell Investments’ view that September remains the most likely scenario for when the U.S. Federal Reserve may begin raising interest rates.
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