The S&P 500 dipped a bit yesterday, and here's the irony—everyone's banking on a rate cut this week, yet the Fed's tone might still skew hawkish. Classic mixed signals. Meanwhile, JPMorgan threw cold water on optimism by flagging beefier expenses coming in 2026, which dragged the index down further. Market's basically playing wait-and-see, caught between hoping for cheaper money and bracing for tighter conditions ahead.