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S&P 500, FTSE 100 ANALYSIS AND NEWS S&P 500 | Equity Sentiment Remains Fragile S&P 500 | EQUITY SENTIMENT REMAINS FRAGILE A short squeeze to end the week sees the S&P 500 avoid meeting the technical definition of a bear market, which is a peak-to-trough 20% decline. That being said, with inflation likely to remain elevated for longer as emphasised by this week’s CPI print, downside risks will remain for the S&P 500.