Kevin Green reviews a bounce in mortgage rates, with applications rising more than 6.2%. He also analyzes key technical levels on the S&P 500 (SPX) and heightened activity in CoreWeave (CRWV) following its earnings report. On the economy, Green says the market is “discounting” the Fed’s ongoing debate between a 25- and 50-basis-point rate hike. He also calls Nvidia’s (NVDA) Wednesday uptick a “relief” rally as the investigation into CEO Jensen Huang remains pending.