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The Tell: Why the stock market could hit a peak Friday, before ‘minor’ dip Thanksgiving week

The stock market has scaled a wall of worry in 2021 and stands within shouting distance of a fresh round of records for the major indexes, but Fundstrat’s new technical analyst makes the case that the benchmarks are nearing a peak this week as the holidays are about to get under way.

Fundstrat’s technical strategist Mark Newton said cautious buying in markets, with areas of the market considered defensive gaining traction, suggest that a pullback is likely next week as volumes thin out due to Thanksgiving in the U.S. Only…

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