$S&P 500 Index (.SPX.US)$ The has officially erased $4 trill...
$S&P 500 Index(.SPX.US$ The has officially erased $4 trillion in market value since its July 27th high.
In 3 months, the S&P 500 has dropped 430 points and stands less than 1% away from correction territory.
The exact top in the S&P 500 came on the same day that Fed removed a recession from their forecast.
As markets fall to their lowest levels since May 2023, we are in a much different environment.
Last time the S&P 500 was at current levels, 3 rate CUTS were priced-in for 2023.
Now, rates are higher and futures are no longer showing rate cuts until July 2024.
In 3 months, the S&P 500 has dropped 430 points and stands less than 1% away from correction territory.
The exact top in the S&P 500 came on the same day that Fed removed a recession from their forecast.
As markets fall to their lowest levels since May 2023, we are in a much different environment.
Last time the S&P 500 was at current levels, 3 rate CUTS were priced-in for 2023.
Now, rates are higher and futures are no longer showing rate cuts until July 2024.
![$S&P 500 Index (.SPX.US)$ The has officially erased $4 trillion in market value since its July 27th high. In 3 months, the S&P 500 has dropped 430 points and st...](https://ussnsimg.moomoo.com/feed_image/70896004/2344baf263fc33668370d2b0d641a26d.jpg/bigmoo)
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