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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
-1.03%
)
Bitcoin
62,952.88
(
6.48%
)
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gfp927z

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gfp927z

Re: None

Monday, 05/02/2022 2:58:19 PM

Monday, May 02, 2022 2:58:19 PM

Post# of 217
Still early, but looks like defensive sectors like consumer staples are starting to throw in the towel. Procter & Gamble and Pepsico are finally dropping, along with the broader consumer staples sector (FSTA). Other sectors like Utilities and REITS are also giving it up, so a bearish sign for the stock market.

Still might get a relief rally after the Fed meeting, but as support levels break over time, Wall St shorting algos could kick in.


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