Wall Street strode through the second week of October with mixed emotions, as the market’s high-wire act continued against a uniquely American backdrop—historic highs in AI and tech, a 10-day (and counting) government shutdown, renewed inflation anxiety, and deepening rifts inside the Federal Reserve. The post-summer “hope trade” is fraying at the edges: traders are buying every AI dip, but the rest of the tape is trading defensively as uncertainty mounts.
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