Stock Market Outlook - August 08 2021

The stock market outlook uptrend remains in place this week, with the index basically in the same position as last week. Does it break out to the upside, or test support?

Q2 earnings are good so far, but expectations are weighing heavily on post-earnings price action.

Expect a lot of speculation in the coming weeks, leading up to the Fed meeting in Jackson Hole next month. We've had good conditions, relatively speaking, but they won't last forever, and we appear to be setting the stage for some stagflation (shades of 1973).

Investors can still profit, but asset class and sector selection are the keys to success.

More commentary after the jump... Stock Market Outlook - Week of August 08 2021