With the poor Employment report last week, we believe the Fed has lost the opportunity to raise rates at least in October. China was one of the factors the Fed considered in September to not raise, and China seems worse since then.

The market did test the lows of August successfully last week, and what was impressive was a 3% intraday low to high rally on Friday, which is what the doctor ordered.

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Market in a Minute 2015-10-6