S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable

[MongiIG]

The S&P 500 managed to end a six-day slide – its worst since the height of the 2020 pandemic – before the index marked another high profile technical break. Seemingly, all it took was a massive stimulus aimed at stabilizing a financial crisis in the UK. But is that the backdrop for a broader recovery?