S&P 500 slumps to bottom of bullish uptrend channel as investors brace for Fed Chair Powell

U.S. stocks are up in 2023, but the S&P 500 has fallen to the bottom of its bullish trading channel as the index has slumped so far this month, according to Bespoke Investment Group. 

The S&P 500 SPX ended 0.2% lower on Tuesday at 4,443.95, as traders await the outcome of the Federal Reserve’s two-day policy meeting that concludes on Wednesday. 

“It’s…