S&P 500 Most Overbought Since 1983

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)
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One result of the relentless rise in interest rates – which reversed a bit last week – is that the Fed is now on pause and likely done with its rate hiking campaign. Fed Futures are pricing in a 94%…
Friday morning’s much anticipated November CPI Report came in essentially inline with expectations with headline inflation up 6.8% year over year and 0.8% month over month. This likely means the Fed will go ahead with its accelerated tapering plan next…
I think we’re setting up for a much anticipated bounce next week. First, we’re majorly oversold here. We’re down about 10% on the S&P in just the two and a half weeks of 2008 (Jan 2-4, Jan 7-11, Jan 14-18)(S&P…
We are, and have been, in a secular shift away from physical living towards online. I recently read a tweet that said COVID-19 has massively accelerated this trend. Earnings reports from the last couple of weeks have borne this out….
Investors are struggling to reconcile a market in which everything has performed great, yet nothing seems worth buying – Jon Sindreu, “Love-Hate Connection To Stocks Intensifies” [SUBSCRIPTION REQUIRED], WSJ B1, Thursday 9/5 The market has been on a roller coaster…