Stocks pop after inflation data shows price increases cool

CodingAndCoffee@lemmy.world to Finance@beehaw.org – 9 points –
Stocks pop after inflation data shows price increases cool: Stock market news today
finance.yahoo.com

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

3

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.

SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.

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