The Dow crimped bearish flows on Wednesday, finding a near-term foothold near the 47,200 level and rising 300 points as equity markets recovered following an early-week plunge in the heavily concentrated AI and tech infrastructure segments.

The effective price controls on rents did have an effect on measured rents, but it didn’t change the economics and eventually prices caught up.

The market indicators suggest we are operating in a historically rare, highly fragile, and overvalued environment that demands keeping our ears on the train tracks, looking for signals and confirmations.

NBP policymakers delivered their fourth consecutive 25bp rate cut in November, extending the scale of monetary easing this year to 150bp. Rate-setters reacted to lower current inflation, but may pause before a final adjustment to monetary policy.

Nearly half of U.S. imports are subject to tariffs. The legality of most of the new tariffs is under review at the Supreme Court.

Since the three month average of the manufacturing index was 48.7, the economically weighted headline number rose to 50.8.

Target is merely the latest “one-off” big name to announce job cuts. No wonder consumer confidence just took another huge hit and that was from the one survey that has held up the best this year.

ADP private payrolls rose by 42K, above forecasts, but implied government job losses suggest BLS nonfarm payrolls may be weaker. The overall U.S. labor market outlook remains uncertain.

The UK's FTSE 100 edged higher on Wednesday, recovering from early losses in heavyweight banking stocks as gains in energy shares provided support.