U.S. Equities: Does a Pullback Loom?

Thus far, 2024 equity markets have overwhelmingly favored the bulls. However, even the strongest bull markets endure pullbacks and consolidations. Below are some reasons stocks are due for a pullback:GravityThe S&P 500 Index has gone an incredible 19 weeks without tagging the 10-week moving average. Such a strong rally is incredibly rare. However, even the strongest rallies must eventually correct through time or price. Investors should think of the 10-week moving average as a bungee cord – the further and ...