MacroVoices #363 Lakshman Achuthan: Immaculate Disinflation Debunked
Macro Voices
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S&P 500 - Is There a Soft Landing?
The market turned on to the downside a little bit after the PPI numbers came out. Expectant move looking at the March op-x now is about 160 points on the direction, which is about a 3.9% move up or down. Current resistance right now is 4120, but we're not back below that. Next level above that would be 4325. For the lower expected move, again, for the March Op-x is 3950 and 4000 Shractas heavy support for now.
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