slumped for a third straight day Thursday on rising fears of a second wave of the virus, weighed by a sharp pullback among the reopening trades. From a technical perspective, the reversal was bound to happen as the rally in many names had gone too far, too fast.
Here are the 20 S&P 500 stocks looking the most frothy heading into the big sell-off Thursday, based on their distance above their 50-day moving average.
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Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollarNew for subscribers: Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollar Check out CNBCPro for a free trial. Pro I love ppl who buy physical gold it’s a great moron indicator Pro Once the deficit spending spree runs its course its gonna crash hard Pro Gundlach went heavy short at SPX 2860
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Oil drops more than 6% as fears over second wave of coronavirus cases hit the marketOil prices dropped more than 7% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets. No fears last week during protests About goddamn time come on guys stop panicking
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