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February 12, 2024

Market Correction Incoming? Good.

Hey, it’s Ross Givens here with the Chart of the Day. n the past six weeks, the S&P 500 has surged by 5%, a substantial rally. However, a closer look reveals an unexpected divergence – fewer stocks are trading above their 200-day and 50-day moving averages. This contrast raises cautionary flags despite the broader market’s all-time highs. While I don’t foresee an imminent bear market, a pullback or pause seems due after the rapid ascent. Join me in today’s Insight as we navigate the current market dynamics and prepare for potential shifts.

February 12, 2024 No Comments

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