The S&P 500 trimmed its session gains down to just 0.14%—a stark reversal from the earlier 1.2% rally. What happened? Right now, the market's running on fumes. There's basically zero liquidity out there, and traders are throwing positions around without any real conviction. The constant barrage of news keeps shifting sentiment by the minute, making it nearly impossible to establish any meaningful price discovery. It's the kind of environment where volatility spikes suddenly and moves feel disconnected from fundamentals.