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The Tell: S&P’s technical factors still look ‘pretty bullish’

Brian Lazorishak, senior portfolio manager at Stack Financial Management in Whitefish, Mont., says the “technical evidence for the intermediate term is pretty bullish,” but noted that he’s “keeping a careful eye out” for the warning signs that a bear market is coming.

In an interview on “MoneyLife with Chuck Jaffe,” Lazorishak said that despite the strong intermediate signs for the S&P 500 SPX, -0.34% , “we still have to keep in mind that we are now in Year 8 of a very extended bull market and long in the economic expansion and, as a result, valuations are very high.

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