Trading Insights

S&P 500

Liquidity Drain and Concentration Raise Red Flags for U.S. Equities


The S&P 500 is cautiously bearish as elevated Treasury yields and heavy government debt issuance drain liquidity from the financial system. Nearly 40% of the index’s market cap now rests with just 10 firms, leaving markets exposed. Tech’s capital-intensive nature makes it especially vulnerable in tight credit conditions. Technicals confirm downside pressure, with RSI trending lower and fading momentum on MACD.
Key Levels: Support at 6,346 | Resistance at 6,427 / 6,460