The stock market appears to be coiling for a tension release


People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City.

Spencer Platt | Getty Images

The markets are coiling and compressing as they process jarring events and political suspense, with potential energy building up for eventual release.

The stock market has been vibrating within a tight range for a month, an agitated stasis that was not disturbed last week by news of President Donald Trump’s illness or the swings in perceived likelihood of a new thirteen-figure fiscal support deal.

The S&P 500 has been corralled between 3200 and 3400 for four weeks. Twice last week, overnight index futures twitched lower on headline triggers, after the…


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