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.