The stock market is waiting on the Fed this week and China continues to produce weaker than expected economic numbers. This combination led to a down day on Wall Street and the most compressed day of the last 18 trading days.
The last time the market was tighter than today was August 18. That was the first day of a 6-day downdraft in the market. In the video below I review today’s action and look at trade ideas on LVS, FEYE, WFM and GS.