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Near -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart
The S&P 500 has recently had a near-term sell signal triggered, during a week where many Tech stocks -- including Nvidia -- sold off harder than the general markets. This shouldn't be a cause for major concern. But it explains why the market is down from it all-time high 10 days ago, and may likely have farther to fall until the overbought conditions are fully worked off. The latest slowing CPE inflation data gave Wall Street a little more hope on Friday that rate cuts may not be pushed as far into the future as has been currently feared. And this gave a boost to bonds, brining the US 10-year…
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