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WALL STREET INSIGHT

Rise of US stocks points to Goldilocks scenario

Run likely to continue this week barring any unpleasant surprises
Monday, August 8, 2016 - 05:50
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If, as some prognosticators anticipate, the central bank continues to hold off on rate hikes for as long as they can because of Brexit and oil-bust scares, this may be the best of times for stock market bulls.

US STOCKS rose to record highs last week as earnings and a jobs report pointed towards a "Goldilocks scenario". Barring any unpleasant surprises from retailers this week, the Goldilocks run is likely to continue.

The broad Standard & Poor's 500, the preferred gauge of US stocks among

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