Market Update

1:50 p.m. ET After the worst 2-day sell-off in more than a year, the S&P 500 is in a rebound effort led by the value/cyclical stocks Both the S&P and Dow are now trading back above key moving averages. SP-500 +1.3%, Dow +1.75%, NASDAQ-100 +0.4%, Small Caps+2.1% SP-500 (daily) above its 50-day and the former…