SP500: The market is signaling to Trump...Fix the problem or else we go into a bear market
The S&P 500 broke its 600-day EMA on Friday , retesting the April 2024 low at the 5 ,059.90 support level a fter Trump unveiled his tariff plan on Wednesday. Everyone should be concerned as the S&P could potentially be heading down to bear market territory, at 4,917.94, if the market believes that Trump can't fix the problem. The next support is at the 5,000 psychological level. Keep an eye on the 2Y treasury yield, it just broke its 600-day EMA. In the past 25 years, all three US recessions occurred after the 2Y treasury yield dropped below its 600-day EMA. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!