The Kobeissi Letter: S&P 500 extends slide to -1.5%, wiping out $3.3 trillion since June 2 high
Markets are weighing renewed pressure on equities as the S&P 500 continues to slide, extending daily losses to around -1.5%. The move underscores a broader risk-off tone in U.S. stocks, with investors reacting to shifting expectations for the economic outlook and financial conditions. Instead of stabilizing after earlier weakness, the index’s decline persists, adding to… Read More »