OPEC Defies the Biden Administration and Don’t Bet on Tech 10/5/22

Oil prices rising as OPEC+ announces plans to cut production by the largest amount since the start of the pandemic. So what does this mean for the White House as we head to the all-important midterm elections? Plus stocks closing well off their lows but still posting their first losses of the month. And one top technician says, wherever markets go from here, it’s not the time to bet on tech.