S&P 500 SPX hits most oversold level 24 months

At the start of the year, the market was pricing in 2 Fed rate cuts. Today: just one cut, and not until the December meeting

This is 100% completely unsustainable as a society. Nearly 50% of all consumer spending now comes from the top 10% of earners

Estimated S&P 500 put delta positioning is down to -$70 billion, the most negative since at least the FINANCIAL CRISIS

This happened under a “conservative” government