EBC Daily Snapshot Augl 6, 2024

The US dollar was nursing steep losses on Tuesday as the ISM service PMI rebounded from a four-year low in July amid an increase in new orders.

EBC Financial Group
Type: STP, ECN
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S&P 500 Stepped From Record Highs, but Market Breadth Is Flashing a Warning 💥

S&P 500 Stepped From Record Highs, but Market Breadth Is Flashing a Warning 💥

S&P 500 stepped from recent record highs, but its internal strength is deteriorating as fewer constituents hold above their 50-day averages. With September seasonality, elevated yields and Fed uncertainty creating near-term risks, market breadth is flashing caution. Yet a stronger fourth quarter and pre-election positioning could provide the next bullish catalyst.
Headway | 18h 30min ago