Market Has Five Red Days in A Row As Risks Are Processed

Key Takeaways

- S&P 500 closed at 4,458.58 down from 4,535.43 last week. The VIX spiked 11.44% and settled just under $21 after 5 straight red days

- The market started the morning in the green, but appeared to have been spooked by the PPI coming in at a record of 8.3%, which was also slightly above the estimated level

- Oil closed up over 2% and settled just below $70 despite all sectors closing in the red, suggesting inflationary fears were at play

- Tuesday saw a large crypto...

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