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StockNews.com
StockNews.com
Business
Steve Reitmeister

Bank Problems = Bearish Thumb on Stock Market Scale

Stock Market US Federal Reserve Recession Economy Reity

There were plenty of reasons to already be bearish. Most of them were highlighted in my latest presentation,  REVISED: 2023 Stock Market Outlook.

But now you layer on top deepening concerns about a potential banking crisis and it’s becoming a slam dunk for the bears. This explains why we are back below the 200 day moving average for the S&P 500 (SPY) once again poised to head even lower.

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