The S&P 500 has rallied furiously from its October 15th low. Over the last 24 trading days, the index has gained 10.1%–the largest such gain in over three years. Are stocks overbought at these levels? You can be the judge of that.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.