Comeback: S&P 500 now flat on the session, Nasdaq higher

  • Impressive rebound
Powell BTFD

What a comeback.

It's taken barely over an hour to erase the big opening losses. The trigger seems to be that the S&P 500 held last week's lows.

SPX day
SPX daily

Notably, the chances of a Fed cut in December have worsened in the past day, now down to just 46%.

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