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"The average stock has already broken down technically... the signals are weaker and suggest key tactical support is vulnerable," Mike Wilson said.
Based strictly on the performance of the big three major averages—the S&P 500, Dow Jones and NASDAQ—which are all up at least 1.4% through the first 16 days of [...]
If the market rises, the exiting of positions can stall the rally. Next week, markets could consolidate as every rise would be met with selling pressure
The September quarter earnings will kick off next week, the data so far paints a bullish picture of the economy. However, the gloom in the US continues and the Israel-Palestine war could further destabilise the global economy
In a tumultuous day for Wall Street, a widespread sell-off sent shockwaves through the financial landscape as U.S. stocks faced the brunt of a dangerous surge in Treasury yields.