The U.S. stock market has been a powerhouse. Rally, consolidate, grind higher… and do it all over again. Stocks are currently overbought (again) but this is in the context of the ongoing up-trend.
On potentially bearish trigger to note, however, is rising interest rates. If rates keep rising, financial stocks may turn down.
In today’s video, we discuss current investing news and themes, technical indicators on the major stock market indices, and trending sectors and stocks. Here’s a recap:
Investor sentiment is mixed and indecisive.
The financial sector is breaking above its 2007 high…
…But rising interest rates could derail the rally.
Stock Market Today Video – February 17, 2021
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
