E-mini S&P 500 futures opened the week near unchanged but saw a sharp early session sell-off to near 6670 before reversing and rallying to 6795, ultimately closing the day and the week near unchanged at 6755. The primary market catalyst this week was changing expectations for Federal Reserve rate cuts, with odds for a December cut dropping from 70% to about 40%, delaying the first fully priced rate cut to March of next year, while volatility remains elevated.