S&P 500 now set for the lowest close since July

The risk picture continues to deteriorate. I suspect that all the would-be dip buyers want to hear what Biden has to say before wading in. So we’re in a position where there are sellers but few buyers.

The S&P 500 is down 68 points to 4280. Any close below 4300 would be the worst since July.

SPX daily

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