When Overbought is Bullish…

December 20, 2017 | posted in: Blog, Financial Insights, LPL Weekly Market Commentary | by

 

As we start to look ahead to 2018, check outĀ LPL Research’s look back at 2017, one of the least volatile years in history.

Key takeaways include:

  • The S&P 500 is historically overbought after a very persistent bid the past year.
  • Fortunately, history suggests longer-term gains are quite strong after being overbought.
  • Market sentiment is flashing some near-term concerns.

Read more from LPL Financial’s John Lynch, Chief Investment Strategist, and Ryan Detrick, CMT Senior Market Strategist, here.