S&P 500 wavered in the triple witching open (allowing for early intraday short calls), and then the retracement higher almost all the way till the close, ruled – except for the action before the very closing bell.
S&P 500 wavered in the triple witching open , and then the retracement higher almost all the way till the close, ruled – except for the action before the very closing bell. What could be behind that, and does it carry implications for stock prices ahead? It‘s one more day of digesting not just the 50bp cut catching most off guard, but also about the rate cut path ahead.
Also as regards Nov, there is almost a 50% chance of 50bp cut, but I‘m not jumping the gun to predict it now as done deal, but it sounds more likely than 25bp.
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