The market comeback is missing some mojo, according to the charts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Breaking News: Markets News

Markets,S&P 500 Index,Invesco S&P 500 Eql Wght ETF

David Keller breaks down the internal metrics on the S&P 500.

The Late-July, early August sell-off for the S & P 500 represented the third such pullback for the benchmark in the last 12 months. Those two previous drawdowns, in April 2024 and September 2023, had very similar technical characteristics to what we've observed over the last two months. But, sustained low momentum readings this month suggest that investors may be in for a very different outcome in September.

Click here for the full disclaimer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 closes lower as chip stocks lead tech wobbleStock Market Today: S&P 500 closes lower as chip stocks lead tech wobble
Source: Investingcom - 🏆 450. / 53 Read more »