S&P 500 to drop 10% within 6 months amid tech correction

The S&P 500 has reached record highs with fewer than 60% of stocks above their 50- and 200-day moving averages, a condition last seen during late 1998 to early 2000. Historical precedence suggests a correction is imminent as the market's narrow leadership fails to sustain the rally.

Implied probability (Yes)

65%