A Wall Street analyst flags 3 'toxic' forces pushing the stock market toward a tipping point
Michael M. Santiago/Getty Images The US stock market is near a critical inflection point, Piper Sander said. The firm's analyst said 6,600 is a key level to watch for the S&P 500. They flagged a "toxic macro triad" of forces pushing US stocks to the edge. The S&P 500 is on track for its fourth week of declines and is edging closer to an inflection point, Piper Sandler's top technical analysts said on Thursday. "Equity markets are reaching a tipping point," a note from the firm said, flagging the S&P 500's 200-day moving average of 6,600 as the critical point to watch. The S&P 500 briefly fell below that mark during Thursday's trading session before edging back up. The stock market has been relatively resilient relative to the dramatic spike in oil prices, but the drop below the key resistance threshold signals that further declines could be looming. JPMorgan analysts, who cut their 2026 S&P 500 target on Thursday, al...
