STOCKS | S&P 500 Risks Faster Near-Term Declines If It Breaks Below 50-Day Moving Average

Historical data show that if the S&P 500 decisively breaks below its 50-day moving average, it tends to accelerate lower in the short term. According to Jin10, capital has been rotating aggressively across sectors. The report said the seven major U.S. technology giants saw their combined market capitalization shrink by more than $3 trillion in June, a move that could set a record for the largest monthly drawdown on record.