Daily Wrap -Small Caps Join In; SOX Bear Flag Forms; ABI Dropping Fast

The stock market shook off an early-session slide, with broader-based strength amid firming rate cut expectations in the wake of a plethora of weak labor market data. ADP Jobs data was weaker than expected. Initial Jobless Claims that have been stable for years, came in higher than expected. The market is pricing in a 99.4%…