Daily Wrap – SPX $6550 Shaping Up To Be Interesting

Weakness lingered in Tech, Mega caps and Semis on Tuesday. Selling wasn’t as broad-based as Monday.  I suspect that’s because we got some bad news in laor data, which increased December Fed rate cut probabilities to 48.9% from 42.4% yesterday. Bad labor/growth data is good news for investors. Home Depot’s (HD -6%) earnings shed some…