Record rebound may soon hit a breaking point, PNC’s Amanda Agati warns

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PNC Financial’s Amanda Agati is on alert. 

With the major indexes on the cusp of their second positive month in a row, the firm’s chief investment strategist believes stocks are getting too expensive, and the historic rebound may soon hit a breaking point.

“The market is getting pretty far ahead of itself,” she told CNBC’s “Trading Nation” on Thursday. “The market is really pricing for perfection here.”

Since the March 23 low, the S&P 500 and Dow have surged 38% and 39%, respectively. Meanwhile, the tech-heavy Nasdaq is seeing an even bigger rally. It’s up 41% since then.

“It’s not

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Tyson Foods chairman warns ‘food supply chain is breaking’ as coronavirus forces plant closures

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A package of Tyson Foods brand grilled chicken package is arranged for a photograph in Tiskilwa, Illinois.

Daniel Acker | Bloomberg via Getty Images

Tyson Foods expects that millions of pounds of meat will disappear from the food supply as the company temporarily shutters beef, pork and chicken plants due to local coronavirus outbreaks.

Meat processors, including Tyson, Smithfield and JBS, are closing U.S. facilities after workers test positive for Covid-19. Meatpacking workers often work shoulder to shoulder for hours at a time, increasing their risk of exposure to the virus. 

Tyson placed a full-page ad in the New York

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Oklahoma will let struggling oil producers halt output without breaking contracts

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FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base

(Reuters) – Oklahoma’s energy regulator on Wednesday ruled in favor of an oil company’s emergency application to classify some oil production as economic waste, enabling producers to maintain leases where production is halted due to low prices.

The decision represents the first win by regional oil groups seeking relief from state regulators as prices fall to levels that are not profitable to pump.

Global crude supplies have overwhelmed demand that has fallen more than

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