Why the S&P 500 is now overbought and looks ready to drop in the short term, according to this strategist
April 08, 2021 at 07:15 AM EDT
The S&P 500 eked out yet another record close on Wednesday, as the Federal Reserve reassured investors that it is in no rush to tighten fiscal policy — and some of that momentum is set to continue into Thursday. But it may not last for long.