MARKET DAILY

Market 09/29: Trying to find a path to rally 48 hours before government shutdown

PCE shows signs of cooling inflation while bond yields temporarily retreat in the morning

Market opens Friday session with fairly stable sentiment thanks to yesterday's tech rally. Optimistic PCE data early in the morning along with the temporary drop in bond yields helped options market flow mainly positive delta in the first half of the session.

However, things started to change after Europe closed with most investors starting to de-risk ahead of the weekend as the US government is on the verge of shutdown starting from next Sunday.

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