2024-02-19 02:32:24 ET
Summary
- S&P 500 breaks a 5-week winning streak, down 0.40% last week.
- The Fed may be forced to delay normalization plans and possibly consider interest rate increases due to stronger economic data.
- The financial conditions are likely to continue to tighten, which suggests a deeper correction in the S&P 500.
The streak broken
The S&P500 ( SP500 ) was down last week by 0.40%, and this was only the second week down out of the last 16 weeks, which also broke the 5-week winning streak....
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For further details see:
S&P 500: Correction In Progress, Deeper Selloff Expected