S&P 500: The S&P 500 Year-End Rally?!

 

   

Fed Chair J. Powell's hawkish remarks sent the S&P 500 back into bear market territory. The market fears that Powell could make the same mistakes as Ben Bernanke, which led to the Great Recession. The Fed closely watches the PCE index, that is expected to decline on Friday. So there could still be a possibility of a year-end rally back to 4000-4115, as long as the VIX doesn't break above its 50-day MA.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to see the latest update!

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