Markets struggled to rebound after yesterday’s tech rout where Nvidia (-1.6%) gave up $279b in market cap. This was not surprising given today’s limited data. Traders seemed to take a collective breath as they patiently await ISM services data tomorrow and payroll data on Friday. While we did receive the JOLTS survey this morning showing a decrease in job openings (lowest level since 2021), focus remains on Friday which will paint a better picture of the labor market. US Treasury rates did dec…
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