NEW YORK ( TheStreet) -- Investors are currently dealing with a "tug of war" type battle in stock markets, balancing steady improvements in macro data with the possibility that the Federal Reserve will start removing stimulus.Employment numbers for June were very strong, and data from April and May were revised higher, bringing the 12-month average in the non-farm payrolls to 182,000. The general consistency of these numbers has led to a more confident belief that the economy is ready to stand on its own two feet, and the S&P 500 is holding within striking distance of its all-time highs. But without added support from the Fed, the attention will have to turn back to fundamentals, and there is little on the horizon that looks capable of fueling another run higher in global stock markets.
Sluggish Earnings Will Have Limited Impact on Stocks
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