Caution Warranted
Hey, Ross here! The S&P 500 has slipped below a key support level for the first time since the election, raising questions about where the market heads next. While it could easily bounce back, the lowest percentage of stocks above their 50-day moving averages since April signals caution. With inflation data on the horizon, the next few days will be pivotal. My counterintuitive approach to navigating this uncertainty? I lay it all out in today’s Insight.