Overview
- The Dow fell about 575 points, while the S&P 500 and Nasdaq each dropped roughly 1.2% on Monday.
- Wall Street’s VIX jumped 13% as CNN’s Fear & Greed index hit “extreme fear,” signaling elevated volatility.
- Bitcoin hovered just below $92,000, erasing its year-to-date gains after a steep six-week retracement from October’s record.
- Investors are treating Nvidia’s Wednesday report as a key test for the AI trade and a potential catalyst for broader market direction.
- Market-implied odds of a December Fed rate cut have slipped to roughly 45% as officials caution that delayed economic reports have reduced policy visibility.