Why S&P 500's Year-Long Overbought Signal Has This Expert Talking, Plus 3 Stocks To Watch
Entergy(ETR) Benzinga·2024-10-04 05:16
Retail industry veteran Seth Golden recently warned that, according to a widely used oscillator Williams %R, the S&P 500 has been overbought for an entire year. Golden, a hedge fund consultant who previously worked for household names such as Target and now-defunct Bed Bath & Beyond, pointed out that this is just the 23rd time in history that this has occurred. Based on historical data he shared in a post on X, he pointed out that when this happened, it continued the same trend for the rest of the year — po ...