Fundstrat's Head of Technical Strategy Mark Newton joins @MilkRoadMacro to break down why the recent rally has legs.
1 extracted signal · 1 resolved · 0 still active
Fundstrat12 May 2026, 01:00 UTC
AI-generated source summary
The market is experiencing a potential reversal. While the broad market has seen strong upward momentum, there are signs of weakness appearing. Specific assets like USDCAD, USDJPY, XAUUSD, and SPX are showing bearish signals. In March, we observed that fewer stocks were hitting new lows, indicating improving breadth. However, the recent weakness in crude oil, USD, and Treasury yields, alongside a rebound in tech stocks, suggests a potential shift. The analyst notes that the rally in tech stocks, particularly those focused on AI, has been significant but might be overextended. The overall market trend is considered cautious, with a potential for a pullback. Investors should monitor breadth indicators closely for further confirmation of a trend change.
AI-generated summary based on the source content.
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