AUTHOR: TOWNE SCHERER.COM/BLOG 5/4/2020: Towne Scherer Private Wealth Management BLOG:
The S&P short-range oscillator sitting at 7.2 has some believing that the market is overbought, says CNBC 5/1/2020. Anything over plus 5, the article states, is of concern.
....Over 30 Million....have filed for first-time unemployment benefits.
....Consumer spending has dropped by more than 7%.
....GDP fell by 4.8% the first quarter.
Meanwhile....some believe that many people may be interested in taking profits....?????
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.