Last earnings season brought stocks to all-time highs despite "higher for longer" interest rates becoming a reality. As earnings season approaches, RandyFrederickMedia.com founder Randy Frederick joins Yahoo Finance to discuss possible yellow flags beginning to flutter in the market.
Frederick outlines possible warning signs for the current market: "I do see some yellow flags. A couple of things I’ve noticed is that the equity put-call ratios, which involve a lot of retail activity…have been really hitting those levels of what I call extremes, and when they do that, they tend to be contrarian indicators. I don’t think we’re there yet. Right now I think we are due for a 2, 3, maybe 4% pullback… History doesn’t always repeat itself, but it often rhymes. This particular market we are in right now is rhyming very, very closely with the 2013 market and in about mid-May of 2013 we had almost a 6% pullback and it looks like we’re setting up for something similar to that."
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