Stocks could continue skittish trading until interest rate move calms down

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The S&P 500 could test the June lows in the next couple of sessions, and some technical strategists see a much lower low before the market bounces.

It's historically the worst time of year for stocks, and that is more than true this year, with wild swings expected to continue until interest rates calm down. The S & P 500 temporarily broke below its June closing low of 3,666 Friday but rose back above it as bond yields slipped back off highs. Strategists said if the S & P goes below the low again and stays there, it could signal a next range of targets are in sight at 3,400 or below.

home prices 9:55 a.m. St. Louis Fed President James Bullard 10:00 a.m. New home sales 10:00 a.m. Consumer confidence 8:35 p.m. San Francisco Fed President Mary Daly Wednesday Earnings: Thor Industries, Cintas, Paychex, Vail Resorts , MillerKnoll 8:30 a.m. Advance economic indicators 8:35 a.m. Atlanta Fed's Bostic 10:00 a.m. Pending home sales 10:10 a.m. St. Louis Fed's Bullard 10:15 a.m. Fed's Powell opening comments at St. Louis Fed community bank conference 11:00 a.m.

 

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Lol just a little ‘skittishness’ where your 401k gets a 30% haircut

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