Dead cat bounce? Depends how long they last, days, weeks months.
The Fed wont allow a market crash in an election year, if anything they will start buying the debt, probably already are and the market will recover to near highs. All this was expected with a rotation out of tech and into midcap growth stocks.
The skirmishes are enough for congress to keep the facade of requiring more funding to support Ukraine, Israel threats and rumours of war with China and Russia. It's the perpetual motion machine that just keep giving.
Winners of elections don't matter, they are only a BIG mouth piece for the corporates and hedge funds. Once the US treasury embarks on buying back billions in bonds via debt creation it will put more liquidity into the financial system as bond yields drop this money eventually finds it's way into the stock market.
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