US stocks shrugged off the China chunder as the mega-cap NVDA legging higher.
Nasdaq was the best performer, followed by the S&P 500.
Source: Mkt Watch
The US dollar broke out of its post-payrolls tight range overnight but it was not convincing but it was enough to spook Gold which tanked but found support around USD$2,640
Oil also tanked as the lack of china stimmies took the shine off - thought it seems MidEast chaos doesn't matter anymore. This was WTI's worst day since Nov 2023.
Finally, despite US stocks shrugging off the China chunder today, there are numerous risk catalysts ahead including Thursday's CPI report, Q3 earnings kicking off on Friday (big banks), and of course the US election.
Happy Wednesday
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