Midday market 03/01: Capital flows indecisive, fear returns from bond yields

The US stock market continues to have an indecisive trading session after losing the important put wall level at 400 on the past 6th day. However, pressure from long-term hedging demand along with panic state, although present, is not enough to create a large directional swing force. Most capital flows are strongly influenced only by the volume of intraday 0DTE options trades, creating a relatively narrow movement range for SPY between 400-395 in recent days while many investors decide to sit out of the market.