MARKET RECAP

• SPX +1.70%.
• Trump attempted to downplay the recent trade spat between the US and China.
• Powell indicated that quantitative tightening will possibly end soon and that more interest rate cuts are on the way.
• There were worries about the credit market beginning to breakdown with problems from First Brands and Tricolor. Jamie Dimon said, “When you see one cockroach, there are probably more.”
• The government shutdown continues.

EARNING ESTIMATES OVER TIME

SCOREBOARD