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S&P 500 Due a Technical Break, Dollar Slides on Stimulus Delay, Pound Rallies

By on December 21, 2020 0 32 Views
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Dollar, S&P 500, VIX, Tesla Talking Points:

• US stimulus talks ticked off another day without much needed economic relief that yet another official – the Fed’s Brainard – has warned is essential
• Market conditions between elections anticipation and discreet event risk lends to breakout risk from SPX but with ultimate congestion hold for the likes of EURUSD
• Earnings is a top theme with Tesla and CSX ‘favorable’ surprises helping to offset the Netflix disappointment, meanwhile the next debate and October PMIs are ahead

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