Market Outlook · December 14, 2020

Markets at All-Time High: Is the S&P 500 Overbought? Where Do We Go From Here?

Brent Ciliano

CFA | SVP, Chief Investment Officer

Is the S&P 500 overbought? Usually when stocks get this hot, they get categorized as overbought by market participants. In actuality, the empirical data supports the complete opposite.

Historically speaking: If the current recovery were to continue on its current path—essentially repeating history (which is rare)—we could be looking at another 15 to 20% cumulative gain over the next 12 to 14 months.

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