by Investing Daily, Investing Daily
Investing Daily Article of the Week
– this post authored by Joe Duarte
Fears of higher interest rates and more policy uncertainty from Washington DC gave traders the excuse they needed to sell stocks over the last two weeks. As bad as that may have felt, since its record close on March 1, 2017, the Standard & Poor’s 500 Large Cap index of stocks (SPX) had only dropped 1% by March. But things may change rapidly; the current technical picture is one of a market that is at a crucial decision point.