Citigroup's Tom Fitzpatrick believes the rally hatched a month ago will break down soon: "While...

|By:, SA News Editor

Citigroup's Tom Fitzpatrick believes the rally hatched a month ago will break down soon: "While we respect the October monthly close on the S&P 500, we did not close above the 12 month moving average... We believe the bear market rally is behind us and anticipate a move towards the 1,000-1,015 target over the weeks and months ahead."