Stock Market Continues Slide To End Brutal Week Amid Housing Crisis Woes: The Bull, Bear Case

The SPDR S&P 500 (NYSE:SPY) was trading about 0.3% lower Friday, popping up briefly from the low-of-day which saw the market ETF open the session down 0.67% amid concerns of a global housing crisis.

Fear that the Federal Reserve will continue to hike interest rates into the end of 2023 has made the situation worse, causing the SPY to decline almost 2% since Wednesday, when the Fed released its July monthly meeting minutes.