Last Wednesday, for the first time since November 2021, a Hindenburg Omen hit. This gauge is triggered when an upward trend is met with a growing number of stocks hitting both new 52-week highs and lows.

Indian share markets are trading lower today, with the Sensex trading 189 points lower, and the Nifty is trading 30 points lower.

Fed Chair Jerome Powell tried to put a kibosh on talk of a December cut.

The dollar remains bid as the market continues to question whether the Fed needs to cut rates to 3.00/3.25% after all.