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The issue is not falling GDP growth. The real concern is inflation, as it does impact the SPX structurally. But market-derived data has shifted the focus to the potential for disinflation.
PETER FURLONG @peter.furlongMay 19, 2022 10:01 AMSPX Futures - 13 combo today (exhaustion zone?) but against this we got a qualified break of the red TDST line - which woudl suggest we are.