Investor sentiment has become 'extremely greedy' and that makes the market fragile, says Fairlead's Katie Stockton

Thu, 02/16/2023 - 15:30

People walk by the New York Stock Exchange (NYSE) on June 14, 2022 in New York City. The Dow was up in morning trading following a drop on Monday of over 800 points, which sent the market into bear territory as fears of a possible recession loom.
Spencer Platt/Getty Images

Investor sentiment is becoming "extremely greedy," according to Farilead's Katie Stockton.
She told CNBC on Thursday that markets are becoming fragile in response.
She added recent market breakouts are more short- to intermediate-term in nature.

After strong start to the year, the stock market now looks vulnerable as investors appear to be overdoing it, according to Fairlead Strategies' Katie Stockton.