KG: SPX Bull Flag Forms as SMAs Converge, Confidence Builds in AI Trade
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Kevin Green offers more insight into the Fed's "hawkish hike" on interest rates and Wall Street pricing in up to two additional hikes before the end of 2026. The headlines sent an "initial shock" to the S&P 500 (SPX) before an eventual reversal, though as KG explains, the 20-day and 50-day SMAs converging lead to a dicey trading scenario. He turns to the latest economic data and the correlation between AI chipmakers and hyperscalers. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/
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