Super IPOs "siphoning off funds," the midterm election curse, rising yields... U.S. stocks face a summer full of crises.
U.S. stocks welcomed the unofficial "summer prelude" in record-breaking fashion, but this summer is far more complex than it appears on the surface.
Super-sized IPOs draining market liquidity, high oil prices undermining consumer confidence, historical trends of midterm election years weighing on the stock market, and structurally