FYI: Year three of the Trump presidency and there is no wall on the border. There is no fence and there is no physical barrier. And Mexico hasn’t spent any pesos on its future construction, nor has Congress.
Similarly, talk of the S&P 500 bumping up against its 200-day moving average creates the impression that this overlay represents some sort of meaningful barrier or obstacle to the stock market. It does not. The 200-day moving average is neither wall, nor fence, nor physical barrier. It’s just an average price at which the index has closed over the last 200 sessions, roughly equal to ten months worth of activity.
Regards,
Ted
https://thereformedbroker.com/2019/02/06/i-will-build-a-wall-at-the-200-day-moving-average/
