Bruised Stock Bears Bust Out the Charts in Arguing the Top Is In
(Bloomberg) — A chart breakdown in the S&P 500. Signs of complacency in a closely watched options gauge. Weak readings on the economy piling up. All of it is evidence to bears that the rally in stocks is sputtering out.
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Equities declined Wednesday for the second straight day — the first time that’s happened this year — as investors once again started fretting over economic growth and just how much more the Federal Reserve might raise interest rates. It’s all…