Market Outlook – 03/22/18 – Brandon Van Zee
The S&P 500® fell strongly today largely on fears of trade wars after details emerged about President Trump’s efforts to push back on intellectual property theft. It finished lower by 2.52%, which was its biggest drop since February. Its intermediate posture remains bearish. Most sectors fell, but there were patches of green found within the more defensive and interest rate-sensitive areas like Utilities, Real Estate, and Consumer Staples. The NASDAQ® continued its difficult week and now has a bearish posture and is trading below its 30 day moving average.
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