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There are several reasons why the shares were trading higher.
Plus, a look at the box that the U.S. economy is in.
This morning's CPI print will certainly be this week's (month's) catalyst if there is to be a short-term rally in equities.
The US may very well escape recession this year, putting it off until early next year. Other global economies may not be so lucky.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
Right now stocks might feel like the kiss of death, but don't give up. Instead, clench your fists and be ready to pounce.
Has the FOMC heeded Market Recon's advice? Probably not.