1 concerning thing about the markets right now
The S&P 500 is slightly lower than where it was in July. In that same timeframe, the weekly avg. amount of 52 week highs has been in a downtrend. This tells me that investors/traders are less willing to put money to work in those stocks that are trading near their 52 week highs. This could mean that lower prices are in the cards for the overall markets. This is something definitely worth monitoring over the next few weeks!
Thank you for reading!
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