Stocks Have Gotten Ahead of Themselves. The S&P 500 Could Struggle.

The stock market’s monthlong rally had gone too far. More gains for the near-term won’t come easily. 


S&P 500

had gained as much as 17% since its early October low point of its bear market. Driving the rally is a declining rate of inflation, would could mean that the Federal Reserve’s interest-rate hikes are having the desired effect. If the central bank ended rate hikes, that could mean a bottom in economic growth.