RE:RE:PullbackNothing has changed. This is just a case of profit taking following yesterdays 8% jump. Yesterday the FOMC member Brainard said that a rate hike wouldn't be necessary at this time leaving December a more likely option. Good news is that August activity for China came in and it was bright! Industrial production, retails sales, assets under maangement and foreign investment all increased. That's positive news in terms of global standing.
However, today's pullback comes down to one thing - profit taking. I would too. Should've seen this.