By: Steve Smith
The major indices have rebounded some 20% from their December lows and now stand less than 2% from all-time highs. But, several indicators, from economic data to investor sentiment suggest stocks may be heading for a fall.
While it’s hard to say, there’s anything bearish about the dramatic 13% year to date returns, which are the best first quarter performance in six years. There are some warning flags that the rally may not only be running out of steam but are due for a major correction.
For starters, we are seeing a…
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