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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts