In the midst of great speculation that we are on the verge of a new recession, we have been closely monitoring the activity of the SPY over the past few weeks. We can report that so far, the market is holding steady. We have identified 280 as a key support level for the SPY, and if that breaks, there may be some cause for concern. We will continue to closely monitor the situation and will post an update when one comes. But for now, we can confirm that we are not yet in any kind of recession, and that the US economy is running smoothly.
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