< Previous Page
The amount of money in the U.S. bond market is around $38 trillion, roughly double the size of the U.S. stock market. So when things calm down in the bond market, it affects stocks.
Investors are looking ahead to slow but steady growth in corporate earnings, as third-quarter earnings season starts up in October.
LPL’s White pointed to stronger-than-expected manufacturing and service industry reports from the Institute for Supply Management last week as another reason why stocks have performed so well.
"Nothing predicts how corporate earnings will do better than the ISM reports," he said.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.