Overbought, Tired US Equity Indices Saw Thu’s NVDA-Induced Early Strength Dissipate Quickly – For Nasty Reversal By Close
May 24, 2024 at 08:27 AM EDT
An overbought market that increasingly looked fatigued used Thursday’s NVDA-ignited early pop as an opportunity to lock in gains. After this intraday reversal, bulls are running out of catalysts – for now.
