The S&P 500 has given back an early 40-point gain to a record 5523 and is now trading flat on the day at 5484.

SPX daily chart d
SPX daily

Once again, I think bitcoin was the tell here as it sagged before stocks. It's since stabiliize though, down around 1%.

I have a real hard time parsing here what's inflation, what's politics and what's quarter end.