The stock market is caught between a myth and a menace, and that could make for a sticky July. I recommend moderate bellyaching to anyone who will listen, but not selling.

The myth is called the “Fed put.” Investors have long believed that the Federal Reserve has the power to soothe stock market ailments by reducing interest rates. Some even think that, although the market did well during the first half of this year, a July cut is sure to keep the rally going.

Read More At Article Source | Article Attribution