Stocks Remain Stuck In Neutral And That's Ok
The S&P 500 plunged -4.25% this week with Friday's close at 5,408.42. The index opened lower to start the week, and the weekly open recorded as the weekly high, so the price action this week was all downhill, literally. Since breaking out to the upside in July, the S&P 500 has been consolidating and mostly trading sideways...and that's a good thing!