We have an interesting chart from Bespoke Invest where the current levels of the different sectors of the S&P500 are highlighted. OS and OB stands for overbought levels and oversold levels. The only sector not overbought, following the monster rally of july 10th is the energy sector. Even more: 6 out of 10 sectors are currently trading at or near extreme overbought levels.
So this cannot go on for a long time.
So this cannot go on for a long time.
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