This is what happened the last time this dumb money signal flashed for the markets. According to recent data from Bloomberg, analysts in Wall Street are now very pessimistic about the major stock market index, the S&P 500. They have been downgrading the stocks in the S&P much more fervently recently. But what does history say about this type of action by Wall Street analysts? Are their actions of downgrading the S&P stocks a "contrary" indication? If so, what could this mean for the stock markets? We shall look at the charts and explain. #stockmarket #sp500 #alessiorastani
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