Stocks pop after inflation data shows price increases cool: Stock market news today
finance.yahoo.com
The May CPI report out Tuesday showed price increases continue to moderate, likely securing a pause in the Federal Reserve's rate hiking campaign that has pushed interest rates to the highest level since 2007.

Honestly, the whole market feels grossly overbought right now. 🤔

  • investorsexchange@lemmy.caEnglish
    1·
    1 year ago

    Grossly overbought? Why do you say that? The average P/E is near the long-term average, although a few stocks are bringing it up.

      • TheWoozy@lemmy.fmhy.mlEnglish
        1·
        1 year ago

        SPY is still down since Jan 2022. It’ll have to surpass that (and be rising quickly) before it feels too hot for me.