After a strong finish to the week, the S&P 500 faces a pivotal moment as investors brace for key economic data that could influence the Federal Reserve’s decision between a 25 or 50 basis point rate cut. Bullish positioning in the options market signals optimism, but the index is nearing a critical resistance level. Next week will determine whether the S&P 500 can break the downtrend from its July highs or face continued downward pressure.
Market On Close
13 Sep 2024
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