JohnKicklighter
Short

Risk Aversion Gains Traction

SP:SPX   S&P 500
150 0 3
The S&P 500             dropped below its 200-day moving average this past session - a technical boundary that had helped support the bullish view of the past two months. The move was substantial, but it wasn't isolated. There were declines in a range of 'risk' oriented assets including emerging market, high yield and commodities . That qualifies as a meaningful risk aversion move to me.
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