The AI Capex Bill Comes Due

The AI Capex Bill Comes Due Authored by Lance Roberts via RealInvestmentAdvice.com, The S&P 500 spent most of the year riding above its 50-day moving average, and we have warned for the last couple of weeks that a break lower would be worth paying attention to. That break occurred on Thursday, as the index closed the week at 7,411.98, roughly 0.8% below the 50-DMA at 7,467, marking its first decisive break below that line in months. Momentum has clearly rolled over. The 14-day RSI sits in the mi