The two distinguishing aspects of today's US equity market action -- (i) all three indices ending higher on the day in (ii) a relatively low volatility session after the initial moves (see chart below for the Dow as an example) -- illustrate the combined strength of the Fed Put and current market technicals ... easily overcoming the unambiguously more negative developments for both US and global economic activity. #economy #markets #stocks #stockmarkets #equitymarkets #bloomberg …see more