Markets didn’t react to any one single headline today—they were just digesting a summer’s worth of bad vibes and unwinding some of the S&P’s recent curious resiliency. The tech sector, usually Wall Street’s safety blanket, took a nosedive last week, yanking away a key source of support for the S&P, which looked dangerously close to breaking its 50-day moving average today. Meanwhile, a court ruling on IEEPA stirred up fresh tariff uncertainty just when businesses were starting to breathe easier…
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