MARKET DAILY

Market 11/02: Strong shorts-cover rally after FOMC

VIX below 20, SPY above 420 and declining Yield converge fully the factors helping to change money flow trends

Entering early week, TBAC Report shows US government will borrow less in Q4, helping stabilize bond market

Before day 4, SPY maintained between 2 gamma levels: 410 put wall and 420 gamma flip.

Entering day 4, TBAC report shows US government will borrow less than expected and rely more on long-term bonds helping stabilize bond market, pulling SPY above 420.

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