The S&P 500 Index blew past a series of troubling markers in its relentless rally to 5,000. Now, after Tuesday’s rout, investors are staring at a potentially long way down before they find support.
The financial world is moving fast, as the Federal Reserve prepares to start cutting interest rates and stock indexes are at or near all-time highs.
It’s getting bleak for equity bulls hoping for a reprieve from the US stock market’s “higher-for-longer” tantrum.
Surprised that the S&P 500 swung into the green Friday? Don’t worry. Just wait. It’ll fall again after the next opening bell.
US stock market traders are almost completely fearless now, which has some strategists bracing for a possible selloff.
