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We provide the latest news from the world of economics and finance
We provide the latest news from the world of economics and finance
The U.S. stock market, as measured by the S&P 500 Index SPX, has broken down below support at 5,050. That changes the investment picture to a large extent.
The 5,050-5,180 area had been a strong base for the launch to new all-time highs in late March. So, the fact that the market has not been able to stem the tide of the selling that began with the CPI number two weeks ago and has continued with geopolitical worries is significant. Once that 5,050 area was broken, some fairly heavy technical selling came in. The S&P 500 has...
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