Fed Policy Pullback After Record High
The anticipated policy announcement from the Fed is causing a pullback in the S&P 500 after a record high.
Too little corroboration in the last 3 days to call a trend (6 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"The analyst argued that the index is showing the same warning signs that preceded two major pullbacks over the past 18 months. According to the analysis, every instance in which this combination appeared during the current market cycle was followed by a correction of at least 10%."
"The S&P 500 Index has wavered in the last month as energy and artificial intelligence stocks pulled back. It ended the week at $7,483, a few points below the all-time high of $7,620."
"The stock market rally could be in trouble here as tech falters, and traders at Barclays think investors should protect themselves."
"U.S. stock futures were mostly down on Wednesday evening, extending the market’s pullback after a sharp selloff earlier in the day ended the S&P 500 Index’s (SPX) nine-day winning streak."
"The S&P 500 slipped 0.3% from its all-time high and is on track for just its second drop in 14 days after the United States seized an Iranian-flagged cargo vessel."
"Worries about pricey AI-related stocks, along with uncertainty about the Middle East conflict, have dropped the S&P 500 about 4 per cent from its record high close on Jan 27."
"the index reached the 100% extension of the rally from low to high... making this as good a place as any for a potential pullback."
"Evercore analysts warned that a balanced view could catalyze a near term -7% to -15% pullback into October."
"Critics say U.S. stock prices simply look too expensive after rising so much faster than corporate profits."
"Critics say U.S. stock prices simply look too expensive after rising so much faster than corporate profits."