T2108 Update – FedSpeak Crashes the Stock Market’s Complacency Party – For Now
September 10, 2016 at 14:29 PM EDT
The S&P 500 finished what it started nine trading days ago. This time the index gapped down, lost 2.5%, closed at its lows, broke the recent trading range, and, for good measure, broke down below support at its 50-day moving average (DMA).