Payne's Perspective: August 7, 2023: Canceling Recession
8/7/2023
It was more rough sledding for the market, which has a new concern each week. Last week, it was a downgrade of America’s credit rating and a spike in bond yields. Suddenly, that swagger reflected in the CBOE Volatility Index (VIX) has shifted to anxiety. The S&P 500 is on the verge of closing a gap, but still holding above crucial moving averages.
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Charles Payne
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