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home / news releases / SPDN - 5 Reasons A Stock Correction May Be Imminent


SPDN - 5 Reasons A Stock Correction May Be Imminent

Strong, but fragile

The S&P 500 Index is seemingly unstoppable. What global depression, right? The benchmark index closed at yet another new all-time high on Tuesday and is now +4% above the pre-COVID-19 peak on February 19. Despite this relentless strength, the rally in stocks is looking increasingly fragile. The following are five reasons why a correction in the S&P 500 may be imminent.

1. Increasingly narrow breadth

The U.S. stock market continues to set new all-time highs driven by an increasingly shrinking set of individual stocks. As one of many signs of how narrow

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Stock Information

Company Name: Direxion Daily S&P 500 Bear 1X Shares
Stock Symbol: SPDN
Market: NYSE

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