The Federal Reserve's hawkish outlook for 2025, with plans for only two small rate cuts, has triggered a significant selloff in the S&P 500, raising concerns about stagflation.
The S&P 500 experienced its biggest one-day drop since August, and the Volatility Index saw its second-largest daily jump in history.
Technical analysis suggests a break in bullish structure, with the S&P 500's next move depending on the daily candle close and US Treasury Yields.
19-12-2024 13:00 GMT
by Zain Vawda