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Strategies & Market Trends : Young and Older Folk Portfolio

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From: chowder	6/27/2022 12:40:48 PM
	2 Recommendations Recommended By Markbn red cardinal Read Replies (2) of 21983

MARKET CALL ... Re: SPX Last week I made this call over on Seeking Alpha. ... >> I'm not convinced this rally is sustainable. I can see the SPX at 3950-4100 give or take and then see it start to decline again. << seekingalpha.com Today Citi cuts S&P 500 target to 4,200 Jun. 27, 2022 11:06 AM ET seekingalpha.com This bear market rally has another 7% to go, at best - Morgan Stanley Jun. 27, 2022 8:24 AM ET seekingalpha.com The market opened at 3920 and another 7% would put the SPX at 4100 and change which is about where I thought the current rally would reverse. Today both Citi and Morgan Stanley came to the same conclusion. We'll see how it plays out from here.

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