Summary
- The first week of October 2022 saw the S&P 500 (SPX) swing wildly along with investor expectations for future interest rates.
- The S&P 500 ended the trading week at 3,639.66, right in the middle of the alternative futures chart's redzone forecast range that assumes investors are focusing on the more distant future quarter of 2023-Q2.
- The week's action almost qualifies as two Lévy flight events and would have had the index closed just 20 points higher on Tuesday, 4 October 2022.
For further details see:
The S&P 500 Swings Wildly On Changing Rate Hike Expectations