$SPX SLIDES AS POWELL'S NO-HIKE SIGNAL GETS IGNORED ⚠️
S&P 500 fell 0.71% to 6,323, while the Nasdaq dropped 1.15% as the market sold off despite Powell’s signal that rates are unlikely to rise. The tape points to institutional de-risking in growth and tech, with traders demanding stronger confirmation before adding risk.
This is a classic sell-the-relief setup. If buyers fail to defend these levels, I expect liquidity to rotate out of momentum names fast, and that usually creates sharper downside than the headline suggests.
Not financial advice. Manage your risk.
#SPX #Nasdaq #Stocks #Fed #WallStreet
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SPX
Alpha
0.26676
-2.37%