The Bear Is Stretching

The Bear Is Stretching

October 23, 2023

While it is still too soon to tell if we are headed right back into a Bear Market, the data suggests that the bear has re-awakened. He's currently stretching and trying to determine if he is going to lay back down, or get up and go get a snack.

The Magnificent 7 are also at an important level. If they fail to hold, the evidence suggests that there is enough weakness that the S&P 500 will be heading further south.

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