Signs Of Topping Out: The Market Should Stay Range Bound

The S&P 500 is showing signs of topping out, implying a potentially exhausted rally and warranting a more defensive stance. While economic data remains steady with decent job growth, job losses in tech and finance are a key negative offset to the broader employment picture.

Analysis

The S&P 500 is showing signs of topping out, implying a potentially exhausted rally and warranting a more defensive stance. While economic data remains steady with decent job growth, job losses in tech and finance are a key negative offset to the broader employment picture.