Posted 3/13/2024, 1:50:09 PM
Tech-Fueled Market Highs Raise Concerns of 10% Correction Ahead
- The S&P 500 has reached all-time highs amid a tech sector run, but some investors fear a correction
- Miller Tabak's Matt Maley says stocks like Nvidia are very overbought, signaling an incoming pullback
- Maley thinks we could see a 10% "full correction" pullback in markets, similar to last summer
- Higher interest rates are being ignored now like last summer, but that can't last forever
- If rates keep ticking up post-inflation data, markets will have to pay attention, per Maley