It seems market momentum has stalled

It seems market momentum has stalled as mixed economic data and more Eurozone angst, this time out of Greece, has tipped investor sentiment away from the QE crutch that many are hoping to lean on. With U.S. benchmarks at 4-month high’s growth assets failed to advance any further and markets across the financial landscape barely moved after Tuesday’s trading session. The newest economic data stateside showed consumer prices remained flat in July but with last month’s retail sales data coming in better-than-expected hopes for further Fed action seem to be waning. It doesn’t help that China, the world’s #2 economy, doesn’t seem to be in any hurry to defibrillate its own economy despite evidence of slowing growth. Greece has jumped back into the Eurozone spotlight as the country looks to be seeking a two-year extension of its austerity program as it struggles to stabilize its fragile economy. This recent development has sparked new concerns of a “Grexit” with some believing the country will bid adieu to the Eurozone as early as next month. Have a great day!