US equities finished lower in Tuesday trading, ending just off worst levels and more than reversing Monday's modest gains. The Dow, S&P, and Nasdaq finished down 1.14%, 1.47%, and 1.57%, respectively, with the Dow finishing below 200dma for first time since May. All sectors were lower with Big Tech a notable drag, while semis, auto complex, QSRs, media and entertainment, machinery, cosmetics, grocers, and China tech also underperformed. Meanwhile, Biotech, pharma, airlines, AG chemicals, oil majors, E&Ps, and apparel retailers fared a bit better. Overall, the markets were unable to shake risk-off throughout the entire Tuesday session despite some mixed economic data takeaways. It seems as though there is a catalyst vacuum until around mid-October, when the market gets the September CPI on the 12th and the earnings season begins.

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