Major U.S. stock indices rose to new all-time highs last week on the hopes of finally securing a rate cut from the Federal Reserve in September. However, the rally seems much higher than you’d expect from a possible 25-basis-point cut, which is the most the Fed is likely to do next month.
For investors, moments like this provide a good opportunity to review their holdings and identify any winners that might have gotten overextended. So let’s take a look at the best way to identify that type of stock.
