What Markets Looked Like Just Ahead of Last Two Stock Downturns
- Equities overbought, but now signs of softness in weak credits
- Volatility markets suggest less complacency now than in 2018
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Stocks are up in 16 of the last 20 sessions, the S&P 500 has jumped 8% in seven weeks and Peloton Interactive just closed above its IPO price. Nervous investors want to know: is this the top?
They’re worried the good times can’t last when stocks surge past all-time highs, even though history suggests there’s no particular danger in betting on fresh records.