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S&P 500: Credit Always Cracks First
Source: seekingalpha.com
Credit & Bond MarketsInterest Rates & YieldsMarket Technicals & FlowsInvestor Sentiment & Positioning

Yields are rising across credit markets, while more than half of S&P 500 stocks are below their 200-day moving averages despite the index remaining near all-time highs. The article characterizes this divergence as a bear market beneath the surface, signaling deteriorating market breadth.
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