Weekly Market Recap: Rally Likely Overbought, Expect A Key Retest Of S&P 4,000

The rally that started 2023 is now appearing overbought.

It is over?

Or this simply a pause, before it resumes higher?

Portfolio manager Lance Roberts explains why we are at a key moment for the market and why he expects the S&P to conduct a key test of the 4,000 level.

If it rebounds from there, odds are it will then rocket up to 4,300-4,400.

But if it breaks below, the rally will be invalidated and MUCH lower prices would likely ensue.

So how is Lance positioning his portfolio right now?

For his answers, as well as everything that mattered to markets this week, watch this week's Market Recap with Lance Roberts.

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