Afternoon Note
Buttons Pushed
By Charles Payne, CEO & Principal Analyst
9/15/2022 1:24 PM
The market is meandering, but I like that buttons pushed to trigger more selling haven't worked- yet.
One such trigger would be the S&P 500 failing to hold 3,900. This doesn’t have to happen as an exact science. But if it looks like we will be under that key support point, it will spark more selling.
Conversely, if it looks like we might hold, we could see buyers emerge.
Remember, if we see a decline in one-year inflation expectations tomorrow morning, we could see a monster rally.
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