MARKET DAILY

Market 10/20: Banking Crisis Risk Temporarily Disappears

Shorts-cover rally pulls SPX past 6700, bullish sentiment returns

Steve Le
Steve Le

Key highlights:

  • South American tensions escalate

  • US reaches $8.5 billion minerals deal with Australia

  • China expels 9 key leaders

  • China's September economic data

  • Canada PPI drops sharply YoY

  • Takaichi back as potential Prime Minister

  • Market: Strong shorts-cover rally pulls SPX above 6700

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