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BLOOMBERG Whatd You Miss July 12, 2024

Today, a dose of reality whether fed allrld bank, oecd, worrying about the economy. Virus upticks in texas, california, worries about a second wave. Now . Ne where are we taylor take a look at this. You and i have been talking about how key this previous resistance was, now becoming a new support level. We blew through that, down now 3 the s p 500, closing at ,002. That clearlyaying this is not a good sign. He was hoping for that moving average to provide some key support. Now that you have fallen through it, a little bit of a dip. New resistance line clearly on the bottom of the screen. Ofht back to an rsi reading 50. You mentioned the travel and leisure stocks. This is a oneday move. Carnival, macys, delta. The minute we woke up this morning, the entire narrative changed in an instant. Wells fargo, off 9 yesterday, off 9 today, the worst two days going back since march. We will hear tomorrow on lowering her Dividend Forecast ....

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