Episode 68: The market has been down the past four trading sessions, not a good way to start off the year. Both the S&P500 and NASDAQ are trading below their 50 day moving average.
My opinion is that this is more about the state of the global economy than about the price of oil. Today 10 year Treasuries hit 2.04%, that’s a sure sign of fear. Watch to see if the S&P500 can stay above 2016. If not, 1972 is the next stop on the way to the 200 day moving average at ~1955.
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