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Show Notes
Summary of the day
* Powell took away the baseline case of a soft landing
* There is more yays for Nov rate hike than nays
* IPO $ARM $CART $KYVO are all red from ipo pop
* We will likely continue with higher rates for longer
If 437 breaks, we will head down to that blue box area
Breadth
* 105 new highs
* 351 new lows
* 29% advancing 66% declining
* 74% below 50 day ma
Stuck out
Tech leads down
Strong
Volatility
Yields
$SG
Weak
Everything
What to watch
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar
