S&P 500 Trend Testing -- Redux - FINANCIAL-24
Today the S&P 500 tested the trend trajectory, now at 2,417.
History suggests that a market with high valuations is increasingly driven by technical points rather than fundamentals. For example, a market correction in the S&P 500 can be triggered by a significant drop below trend.
Standard metrics currently indicate a high valuation for the S&P 500 and is at risk of drifting below trend.
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Title : S&P 500 Trend Testing -- Redux - FINANCIAL-24
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