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Risk appetite is stepping hesitantly into the second half of the year, with Asian stocks edging higher while US futures slipped into the red. Over the past three months, the S&P 500 posted its best quarterly performance since Q4 1998 with a near-20 percent advance while the Dow climbed 17.8 percent.It’s highly unlikely that US equities can better its Q2 performance over the coming months, with the rally having stalled of late. Last month, the Dow Jones index has been sandwiched mostly between its 200-day and 100-day simple moving averages, with the 50-SMA offering support.[[{"fid... Read More

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