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S&P 500 falls below the recent lows. What's next

The S&P 500 is down 2.1% today and hit a low of 3903, which is just below the mid-November low. It's since bounced back above that but the double top at 4100 and what's possibly a breakdown isn't a good look.

On the fundamental side, a lot of the optimism was about central banks being less hawkish and pivoting with inflation. Many people still think that's coming but it's going to take some more soft data points and a Fed climbdown. In the meantime, there will be headline after headline... Read More

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Posted: Dec 15 2022, 15:26

Author Name: forexlive

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