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Posted by
Two Blokes Fri at 2:15 PM -
Filed in
General
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#TwoBlokesTrading
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2 views
The S&P 500 is approaching key resistance at the 200-day moving average, which suggests that the bear market rally is getting exhausted and the downturn is likely to continue. The trade war is not escalating, and the US is looking for ways to minimize the damage, but this is not the de-escalation needed to prevent the stagflationary downturn.
