U.S. stock higher in pre-market trading for,Jan 04.The Nasdaq Futures is trading at 12,939.10 up with +0.42% percent or +53.62 point.The Dow Futures is trading at 30,670.00 up with +0.57% percent or +173.00 point.The S&P 500 Futures is trading at 3,769.12 up with +0.54% percent or +20.37 point.

Monday’s Factors and Events

The economist and strategist cites crowded trades amid a struggling economic backdrop for his concerns.

“Based on our [stock market] valuation work, we are anywhere from 20% to 30% overvalued based on a whole bunch of different metrics,” the Rosenberg Research president told CNBC’s “Trading Nation” last week.

Rosenberg, who served as Merrill Lynch’s top North American economist from 2002 to 2009, is known for his pessimism over the past several years. In 2019, he told investors a recession was virtually unavoidable.

Friday Activity

For the day The Nasdaq Composite is trading at 12,888.28 up with + percent or  +18.28 point.the Dow is trading at 30,606.48 up with +percent or +196.92 point. The S&P 500 is trading at 3,756.07 with + percent or +24.03 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,974.86 with a loss of 0.26% percent or -5.14 point; the S&P 600 Small-Cap Index closed at 1,118.93 up with + percent or  +0.92 point; the S&P 400 Mid-Cap Index closed at 2,306.62 up with + percent or +3.74 point; the S&P 100 Index closed at 1,720.50 up with + percent or  +9.15 point; the Russell 3000 Index closed at 2,248.44 up with  +percent or +10.68 point; the Russell 1000 Index closed at 2,120.87 up with +or +11.15 point.

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