Prediction. The S&P 500 Is So Far Above Its Moving Averages That a 10% Correction This Summer Is Not Out of the Question

Lance Roberts warned that the S&P 500 is stretched far above its key moving averages, making a mean-reversion pullback a higher-probability outcome into the summer. The commentary is a cautionary technical call rather than a fundamental shock, but it may weigh on near-term risk sentiment.

Analysis

Lance Roberts warned that the S&P 500 is stretched far above its key moving averages, making a mean-reversion pullback a higher-probability outcome into the summer. The commentary is a cautionary technical call rather than a fundamental shock, but it may weigh on near-term risk sentiment.