Concerns over potential stall in S&P 500 rally due to rare overbought signal.

From Yahoo Finance: 2025-06-28 17:03:00

The S&P 500 has been on a record-setting rally, reaching new all-time highs despite global economic concerns and uncertainties. However, a rare overbought signal has flashed, suggesting the rally may stall soon. The index’s high valuation and decreasing oversold sentiment measures could create headwinds for further gains. While the Fed’s interest rate pause and AI spending plans have provided some support, tariff worries remain a concern. The RSI on the S&P 500 is currently above 70, indicating potential overbought conditions. This could lead to a stall in the rally in the coming weeks, with gains depending on various economic factors.



Read more at Yahoo Finance: Rare event could derail S&P 500 record-setting rally