Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Technical Analyst, Saxo Bank
Summary: The benchmark S&P 500 index bounced off massive support around the 2,698 level Tuesday, but remains below its 200-day moving average.