Stocks head for a sombre summer

Stocks are set to struggle for the next few months as America's bears go into hibernation.

Major equity markets have bounced to near-post-crisis highs of late, helped by solid earnings on Wall Street, which sets the tone for global stocks. But headwinds are mounting, as Citywire.co.uk points out, and stocks look set to struggle over the next few months.

One problem is that "the bears have gone into hibernation" in America, and excessive bullishness tend to presage a flat or slightly declining market over the next three months, says Credit Suisse's Andrew Garthwaite.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.