Stocks getting a bit frothy after move higher, could pause as more earnings roll out [CNBC]
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Stocks getting a bit frothy after move higher, could pause as more earnings roll out Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Stocks have gotten a boost from optimism Stocks closed higher for a fourth week, amid talk the market may be getting overbought. The S&P 500 "I think the market had made even the pros frustrated. At this point, if you haven't bought the market this year, it's not the most prudent thing to do to chase it today. At the same time, being short is frustrating," said Scott Redler, partner with T3Live.com. show chapters Stocks are soaring on signs of a trade deal brewing, but can you trust the hype? 2 Hours Ago | 10:38 Redler said he's still long the market, but is hedging because the quick gains have made it riskier. "The next stop traders are looking at is 2,700 to 2,730 ... next week could be a good week for a pause while [the market] digests the move." R
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