What started off as another tough day for major US equity indices, ended with the SPX and Nasdaq flat to slightly higher with no fundamental reason whatsoever. Mark Zuckerberg talking about AI, and McConnell saying he would work to avoid a shutdown, were clearly not the triggers for the rebound. Currently, markets are being dictated by emotion and positioning without any new, clear macro guidance to give investors direction in a meaningful way. Thus, investors continue to wait with hope that Fr…
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