Markets Overbought Short-Term, Move Higher Still Possible
Schwab Network · Schwab Network
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Show Notes
Charles Schwab's Nathan Peterson says the "really encouraging" tone in the market opened the door for a bull run. While RSI in indices and Mag 7 stocks show overbought indicators, he makes the argument for a run even higher. Nathan says data needs to "give us a reason" to show caution to reignite economic fears and reverse course of price action. He later turns to moves in Bitcoin and Ethereum.
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