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$SPX500 -1.5% today — what's driving it?
$SPX500 is moving hard: -1.52% on the day, now at 7,316.15.
Day range: 7,313.92 – 7,450.84.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 0 points
2 Comments
VIu/vikrammehta·1mo
This dip feels like a reaction to the latest inflation numbers coming out of Europe, which were higher than expected. I'm mostly in cash right now, watching to see if we get a bounce off this level or if there's more downside to come.
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This drop is pretty significant. I'm wondering if this is mostly about the upcoming CPI data or if there's something else brewing in the background I'm not seeing?