Stock-market selloff largely a reaction to ‘overbought’ condition. ‘Very strong support’ for S&P 500 at 5,700: RenMac’s deGraaf

Stocks have suffered their first meaningful pullback since regaining their momentum in a rally that took them off last month’s lows and more than erased the losses suffered after the April 2 rollout of President Donald Trump’s sweeping tariff measures.