S&P 500 Index Stock Discussion

On Sunday, July 21, President Biden announced in a social media post that he will not seek re-election in 2024, throwing his full support behind Vice President Kamala Harris for the Democratic presidential nomination.
In his message, Biden stated that while he initially intended to run for re-election, he believes it is in the best interest of the Democratic Party and the country to step aside and focus on completing his...

The probability of the market closing below 5530 this year with 2 - 2.5% error. The portion above 5530 is a bonus and could retrace at any time. with 2.5% error, up to 5670 is possible. With 2.5% error, up to 5670 is possible.
If SPX 5505 can hold today, there is a high possibility of rebound next week. Next Monday and Tuesday could be a rebound - probability over 80%.
Wednesday: change day. Downside again.

Jay Hatfield, CEO at Infrastructure Capital Advisors, said he expects a “muted stock market reaction” to Biden’s resignation from the presidential race, as it had been largely expected as calls for him to bow out grew louder.
“The fact that Biden endorsed Kamala Harris reduces uncertainty. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning,” Hatfield said.
Earnings and central bank policy will also be to...