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Stocks Decline as Investors Fear a Correction
After a strong month of June, stock prices continued to rise last week pushing Stocks declined 1% more or less last week. For small cap stocks the losses were a lot more, plummeting almost 4%. Jittery investors pulled in the reins a bit with concerns that the bull market can’t go on forever and a correction may be at hand.
Investors tend to lose sight of the importance of corporate profits on stock prices. We’re in the midst of earnings season with many major companies reporting their earnings and outlooks this week. These could influence the direction of the markets over the rest of the summer.