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S&P 500 $SPX remains stuck and continues trading the "eternal" range. Resistance 7000, supports: 6800, 6600 (futures)
Source: TME
Korea's market cap (in white) is about to top Germany's (in blue) on this massive AI rally
Source: David Ingles, Bloomberg
Emerging Market stocks now outperforming U.S. equities by the largest margin since 2023
Source: Barchart
S&P 500 technicals
$SPX has reversed near the top of the range and is now breaking below the short-term trend line. Zooming out, the market still lacks a clear medium-term trend, with price sitting right on the 50-day and RSI suddenly at its most oversold since the December shakeout. First meaningful support comes in around 6,800 (futures). Source: LSEG, TME
Emerging Market Stocks have formed a Potential Inverse Head & Shoulders Pattern against the S&P 500
Source: Barchart
The average stock market return of 10% is misleading
Most years aren’t average - they’re extreme. Big gains. Sharp losses. That’s how long-term returns are made. Source: Peter Mallouk @PeterMallouk
Micron $MU is now one of the top 25 largest companies in the world
Source: Evan, @StockMKTNewz
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