U.S. Markets closed

The Most Complacent Market Since 1995 Shows Signs of Cracking


The stock market has been at its lowest level of volatility since 1995. Stocks have not traded above or below 1% in weeks. Mark Newton Chief Technician at Greywolf Equities said that back in 1995 the market turned higher, but he doesn't believe that will happen this time around. He thinks that stocks will weaken and lose their strength. Newton sees energy as being an area for strong performance as the group has moved higher on the escalation of violence in Iraq. Newton notes that gold miners have shown signs of life. Newton reminds investors that June is traditionally a poor month for stocks in a mid-election cycle year. TheStreet's Debra Borchardt reports from the floor of the NYSE.