Watch this high-yielding ETF for signals on the stock market’s next direction, chartist says – CNBC
Stocks have seen a massive rally from March lows, but the S&P 500 now looks stuck just 5% below record highs.
Over the past two months, the benchmark has traded in the 3,000-3,300 range and struggled to break through its February high of 3,393.
As the economy continues to recover from a record low second quarter, Miller Tabak’s chief market strategist Matt Maley is watching for signs of a…