Cantor Fitzgerald: The US stock market shows overbought signals and may correct in the short term
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Cantor Fitzgerald warned that the U.S. stock market may experience a pullback, as the S&P 500 has signaled overbought conditions. While maintaining an optimistic outlook for the medium-term, trade tensions could exert pressure on economic growth and inflation. The firm expects a pullback in the stock market in the short term, partly due to new tariffs taking effect on August 1, which may delay the Federal Reserve's interest rate cuts. Additionally, the relative strength index (RSI) of the S&P 500 has exceeded 70, and historical data shows that this situation often leads to a pullback
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