Technically, there has been some damage over the past two weeks, notes Nathan Peterson. He and Cooper Howard discuss how stocks are set to close negative for the month. Nathan mentions that it looks like we registered a bearish “pullback” to 4,330. Cooper highlights that the core PCE release was another step in the right direction and treasury yields are off their highs. Cooper also notes that financial conditions are tightening and despite aggressive pace of rate hikes, financial conditions eased this summer. They then go over how the market impact of a government shutdown. Tune in to find out more about the stock market today.
Market On Close
29 Sep 2023
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