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S&P 500 Faces Trio of Threats That Could Accelerate Meltdown

S&P 500 Faces Trio of Threats That Could Accelerate Meltdown

"The Fed can't be dovish enough to support U.S. equity markets given the acceleration in the global growth slowdown and eventual U.S. slowdown," as Peter Cecchini, global chief market strategist at Cantor Fitzgerald, opined in a recent note to clients quoted by Business Insider. Meanwhile, massive outflows from equity mutual funds indicate that there is "simply no love for stocks," said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, in a report also cited by BI. The S&P 500 was down fractionally on Monday, by just under 0.1%.