A critical re-test of December lows could place severe pressure on the US stock market. With the Dow already reeling from five straight days of losses, BMO’s chief analyst Russ Visch warns things could get “ugly” for the index and its peers, the S&P 500 and Nasdaq. BMO: S&P 500 Crosses Critical Selling Trigger ZeroHedge outlined the S&P 500’s drop below 2,750 as a “critical selling trigger,” warning that commodity traders have now started to sell. Adding to the bearish outlook, the Bank of Montreal’s Russ Visch proclaims that the “goldilocks” rally has ended – “goldilocks” referring in economics to
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