OANDA – S&P 500 enters bear market, Fading Rallies, Deere shares hit hard, Footlocker rallies, Oil rises, Gold steady, Bitcoin lower At the beginning of the year, no one thought that the S&P 500 was headed to bear market territory, but persistent inflation, another Fed policy mistake, and recession fears have unnerved investors. The S&P 500 has lost over 20% of its value from the January high and it seems that that technical selling will only accelerate. The way macro backdrop is unfolding, it seems traders will continue to fade any rallies that emerge until the Fed starts to show signs that t…

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