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With the half year mark fast approaching, it’s as good a time as any to take stock of the first six months for U.S. equities, and, more importantly, to see what, if anything, that means for the market’s potential in the back end of 2019. We’ll get a jump on the sell side, which will dutifully put out its forecast reports after June 30.

Where is this over ten-year old bull going? Will it trot on or begin to wobble, wheeze and fall? I remain convinced the bias is to a higher level by year end—but that doesn’t appear to be the market’s view, egged on by bad news headlines.

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