US equities are choppy, if leaning on the weaker side. We have a ‘turnaround Tuesday’… but the market should be inclined more for chop, than any significant drama ahead of the Fed.
sp’60min
VIX’60min
Summary
We really should expect broad chop into Wed’ afternoon.
Again, even the bolder bears will NOT be involved at this time, and will be patiently waiting until after the midterms.
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notable weakness: AMZN
Psy’ $50 really isn’t that ‘crazy talk’.
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notable stock: META
Its a wonder this is currently net higher. Target IPO $38s
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notable stock: DE
No news… just s/t cooling. Broadly, Deere and sister CAT are holding up well to the main market this year.
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notable hysteria: UBER
Earnings were broadly garbage.
Mostly, its a short-stop upward cascade.