Dow Support and S&P 500 Resistance to Gauge Broader Risk Trends

Dow Support and S&P 500 Resistance to Gauge Broader Risk Trends

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Recession fears are rising at a steady clip and Powell’s testimony has charged expectations of a 75bp rate hike in July to 95 percent, but risk trends are not ready to commit to the next leg. This is why I’m placing greater emphasis on Dow support than the S&P 500 floor moving forward.

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