Fidelity Sees a Return to Bear-Market Lows
What Goes Up
How Important Are Technicals These Days?
The S&P 500's trend line, the 200 day moving average, has failed to hold up over the past year. How can you draw a simple trend line and have it work? Is it really that simple? And do we need some big fundamental change of tides to break that trend line? Well, you ask a great question. It brings me back to the start of my career, which is like almost just a few years ago, right? 38 years ago, I started in the business, working at a bond desk of a Dutch bank in New York,. ABN Bank, which became ABN Amro. Then I ended up running that small bond desk.
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