The S&P 500 is facing intense downward pressure heading into Monday’s session. The index recently closed above the 7,500 level for the first time on Thursday, marking a record of 7,501.24, but momentum stalled on Friday. Now, fresh geopolitical shocks over the weekend have sparked a global market slide.
The Polygon-based (CRYPTO: POL) Polymarket crowd is overwhelmingly betting on a lower open for Monday, May 18. The market shows merely a 6% chance of an “Up” open, reflecting a massive 44% drop in bullish confidence.
Why That Number Matters
Geopolitical tensions skyrocketed after a drone strike triggered a fire near the UAE’s Barakah nuclear power facility over the weekend. While authorities confirmed there was no radiation leak, the International Atomic Energy Agency urged “maximum military restraint.” Adding to regional fears, Saudi Arabia intercepted three drones entering from …
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