S&P 500: Negative Forces At Work
The negatives are piling up, but how will the S&P hold up?
Our View
What started off as a strong beginning to the year has quickly turned into a fear-driven market. Rates soared on Monday but the market ignored these developments. Then bulls paid the price on Tuesday as the Nasdaq fell 200 points. On Wednesday, the index shed another 500 points.
There are two main negative forces at work here: Bonds/Rates and th…