Its did what was expected from a technical standpoint. The 3600 level is major support and markets were oversold. This restest of 3700 on this lower vol could be shorts covering or sellers stepping aside and waiting for the higher sell price.

From a fundamental standpoints, it is mos def a sham! Dollar, inflation, and yields at highs, with a strong labor market that can result in those to keep increasing. Then there is the damaged pipeline, a near empty SPR, war in Ukr, possible war incoming in south Pacific, and on and on and on...