Quick update: Tonight's U.S. Core PCE year-over-year rate came in lower than expected, hitting a six-month low. This eases the pressure for further rate hikes. Next up is the U.S. September Non-Farm Payroll report on October 2. As long as expectations stay below 60%, Walsh's approach will likely remain cautious. As long as there’s no further rate hike, the market will recover and end the pullback early. Also, crude oil has already been cleared for short positions, prepping for swings. The U.S. and Iran are in a standoff, neither side backing down. If it rebounds, look for another high point to short.