Stocks Struggle to Gain Traction by Jonathan Cheng
“My big fear is not that earnings falter, but that the surprises can’t be met any more going forward,” said Keith Springer, president of Springer Financial Advisors in Sacramento, CA. “Stocks go up based on earnings, they need to have surprises to keep going, and you can only have so many surprises in this cycle.”
Mr. Springer said he’s snapping up utilities and other defensive stocks with the expectation that the bull market will run another three to six months before running up to resistance in the next earnings season.
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