The stock market looks overbought, and this week's stunning rally could soon hit a wall, Fundstrat says

• This week's stunning rally in stocks may soon hit a wall, a Fundstrat analyst said.
• That's because stocks are probably overbought, and the short-term risk/reward for equities is declining.
• Mark Newton wrote "the odds favor an initial stall out near the Thanksgiving holiday."

Markets rocketed upwards this week on the heels of cooling inflation data, but the stunning rally may soon run out of gas.

That's because stocks have seen such sudden tremendous interest that they're probably overbought, a Fundstrat analyst said.