: A pullback/consolidation day for most of the market, except for the Nasdaq. Intra day on the Trading Community we pointed out that breadth was very negative, and you can see that with nearly every market sector down today, 21 out of 22 market sectors that we follow closed red. The only real gainers today were in the big cap tech area. 20 year bonds had a strong breakout and is something pay close attention to. Clearly the bond market is concerned about the slowing economy, just look at the huge downward revisions we've seen with the GDP this year. Here's a Zero hedge article that discusses this in detail: In its latest GDPNow forecast the Atlanta Fed slashed its estimate for real GDP growth in the third quarter of 2021 to just 0.2%, down from 1.2% on October 15, from 6% about two months ago, and down from 14% back in May.
AAPL and AMZN report on Thursday.