'Black Monday' Fears Evaporate — S&P 500 Nears ATH

What we know

An account on X declared the 'Black Monday' narrative dead for the 10th+ time. The Dow gained 500 points and the S&P 500 closed to within 1.5% of a record high on Day 2 of what was supposed to be a historic crash. The Atlanta Fed revised Q3 GDPNow slightly lower to 3.5% — still a healthy read. Another account on X quipped 'So the black Monday they promised was actually black Tuesday?' Goldman Sachs separately noted supply shocks are back and the 60/40 needs a third leg — but it isn't crypto. VIX futures remain elevated with a parabolic pattern into December flagged as a key decision point.