S&P 500 Rally May Lose Steam After Historic 15-Week Surge
- S&P 500 has had a "ridiculous rally", finishing higher 14 of last 15 weeks and notching multiple all-time highs
- Rally may lose momentum soon based on technical and historical data
- Index is 11% above 200-day moving average, indicating it may be overextended
- There have been 70 days without a 2% decline, longest streak since 2018
- Earnings, inflation and consumer data could impact market outlook and Fed policy