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Why the stock market will drop 7% by mid-November, according to a technical analyst

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Summary
Nutrition label

82% Informative

Investor complacency and weak seasonals could trigger decline, says Fundstrat 's Mark Newton .

He views any potential pullback as a "buy the dip" opportunity.

Newton is monitoring the 5,900 level on the S&P 500 as potential resistance for the index.

The current rally in stocks that started in early August is 88 days long, he says.

VR Score

83

Informative language

84

Neutral language

53

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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