On Friday the Fast Money pros were wondering where money would flow next, as the stock market pulled back from all time highs.
What should you expect next week?
Trader Stephen Weiss, managing partner at Short Hills Capital, is worried by the sharp advance in consumer staples. In the past 3 months the sector has advanced more than 13%. "The multiples on these stock are getting ridiculous," he said.
His comments suggest that next week, Weiss wouldn't be surprised to see this area of the market pullback. However, that's not to say he'd go short broadly. "Short the S&P at your own peril," he said. "It took the market 5 years to get back to these levels. The foundation of the rally, broadly, looks firm." (Read More:Fast Pros Reveal Favorite Dividend Yielding Stocks)