Intraday Update – Tech Running the Show; Another Day of Signals on Track For the Close

2:29 p.m. ET Recently we’ve noticed two competing narratives, Small Caps being bought on the rate cuts narrative, but the most conviction in the trade was the day of Powell’s dovish pivot at the Jackson Hole Symposium in Wyoming (8/22). That lost some steam or conviction since. Then the AI narrative being jump-started again, particularly…