Analyzing the Challenges Faced by Stock Market Bears

The recent debt downgrade by Fitch rating service has caused significant concern in the market. However, looking back at the 2011 debt downgrade, it is clear that the initial reaction to such events may not always reflect the long-term impact on the market. In fact, the current technical backdrop of the S&P 500 (SPX) is much stronger than it was in 2011. This article will explore the lessons learned from the 2011 debt downgrade and provide an analysis of the current market outlook.