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1.Market Observations, 8.Was Sticky

21 July 2017 (AFR) – Wall Street’s latest guessing game is trying to pick the market top

(21 July 2017, AFR, p30, by Karen Maley)

‘Another day, another bunch of records for the US share market. Investors’ renewed love affair with tech stocks, combined with a lift in the oil price has hoisted the Standard & Poor’s 500 index and the Nasdaq Composite to new all-time highs. Meanwhile, another record was trampled in trading on Wednesday night, with the S&P 500’s tech sector index finally breaking its previous record set back in March 2000, at the giddy height of the dotcom boom.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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