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“If volatility expectations have limited upside, it likely means that some equity benchmarks could have limited downside, such as the S&P 500 Index (SPX — 4,328.87), which continues to hold above the 4,289 level, or a round 10% below the 2021 close, and 4,300-century mark, which has been an area of multiple troughs since last July.
...read full article on Schaeffers Research
