The Day Ahead: PM Edition 2022-09-26
Equity indices brave the forex chaos for the moment
S&P 500
Before looking at the daily SPX chart, let us look at the percentage of S&P 100 stocks below the 200 day moving average. Notice that we are presently just under the extreme set at the 2020 low. I fully expect that at some point, maybe not far in the future, that this will stay elevated at the top of the range but I would think that there is an in…
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