The market has com
Two things are weighing on the equity market:
Higher yields
The White House playing games on a China deal
Talk of some kind of China ceasefire deal sent equity futures higher early but right away people sniffed a rat and an effort to boost stocks ahead of next week's midterms. An abundance of sources have now seemingly refuted the original report.
I don't think the market would be down this much if the original report had never appeared. The only thing the market dislikes more than bad news is when bad news is preceded by false good news.
Now we have an outside day forming on the S&P 500 with the index down more than 50 points from the highs.
