The S&P tried to retake the 200-day moving average last week, ending two trading days above that level. In each case, selling returned and forced prices lower. Looking that the new OEW labeling, this phase of the downtrend could find support 2790-2750, give or take.
While volatility in the stock market is expected, it's the volatility in the bond market that has some investors spooked. If you have any bond funds, they've probably done quite well this year and will likely continue to do so until the crisis subsides.
More commentary after the jump...Stock Market Outlook - Week of March 08 2020
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