$S&P 500 Index (.SPX.US)$ 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.
Are stocks pricing-in a recession?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more