Two weeks of Stock Travails Pin S&P 500 at the edge of the security zone

A calm procession of bearish days is starting to accumulate in the S&P 500. Losses in eight of the past 10 sessions have pushed the stock market to a level where the psychology of buy-bearish can finally be tested. significant.

Investors face a growing list of headaches: weakening earnings expectations, slow change in Federal Reserve policy, and credit implosion. Against these influences stands a simple conditioning: when prices have fallen in 2021, it is likely that they will rebound. The result has been a market that is in a way as resilient as it has been in 25 years.