Q4 strengths might be in 'tug of war' with slowing economy

September PCE data came in line with expectations with core PCE cooling to 3.7% year-over-year. While Treasury yields edge back-and-forth between 5% and the Fed tries to make up its mind on future interest rate hikes, what does this all mean for the stock market?

"Nvidia has been sort of holding right along that August low. If it significantly breaks that August low, then I think that portends weakness for the market in general," Borish says."When the strongest start to act weak, that's when you have issues.

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