S&P 500 is down three quarters in a row

US and European inflation data released on Friday surprised to the upside and Nike shares fell the most in 20 years. Oil is back up as there are reports that OPEC+ countries will cut oil production by one million barrels. The pound is up as the UK government will not cut its top income tax rate. And Brazil is off to a run-off election to be held on 30 October. Markus Wachter, Technical Analysis, speaks about the volatility across financial assets and the bearish tone with US equities breaking through June lows. 00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing) 04:31 Technical update by Markus Wachter (Technical Analysis) 07:20 Closing remarks by Mike Rauber (Investment Writing)