Continued Bearish Sentiment

We at Hot Stocks to Buy hold a continued bearish sentiment on the current stock market condition. Thursday’s jobs report showed rising jobless claims. The results showed jobless claims climbed more than expected to a record 6.65 million. With jobless claims on the rise and retail sales data for April showing an unexpected decline, we remain bearish in the current stock market. With such poor numbers, we expect the stock market to eventually realize the economy is a long way from recovery and act accordingly.

Options are set to expire this week so we expect a volatile session. We could see an early morning rise in the overall stock market and then a pullback near the middle to end of the session.


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