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Today's market outlook is negative.

The social mood signal is strongly negative, yet the news signal is neutral to positive.  The social mood pattern is in transition.

Today’s social mood signal is -11.9 S&P points.  Social mood appears to be breaking down below support.  Markets tend to follow social mood more often than not.

Today’s news signal is +0.6 S&P points.  News tends to follow the general trend of the market, but on a daily basis, can either lead or lag the movement of the market.

Near term outlook:
The social mood pattern corresponds with violence and volatility, but appears to be is in transition.  Common news events associated with the current pattern are violent protests, terrorism, and geopolitical escalation.  Also, events that portray a theme of surprise, action, fires, and explosions.

Longer term outlook:

The social mood trend is down.  The stock market is over 10% above what social mood will support.  This divergence should be approaching resolution over the next few months.

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