Do Stocks Need to Chill?
In this week’s update we are going to walk through the technical setup for stocks over the next few weeks and what an overbought condition may mean over the short and long term for investors. Additionally, we tackle Jerome Powell’s recent comments on the likelihood of rate cuts and how that may impact stocks in an overbought environment.
Key Takeaways
- Stock Market Working Off an Overbought Condition
- We are Focused on Cheap Sectors with Identifiable Catalysts
- We Believe Credit Markets Remain Rock Solid
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