Tonight’s commentary will be brief.
We continue to hang tough. While S&P 500 and Dow closed soft the Russell 2000 and Nasdaq Composite jumped on the session. The VIX finished lower on the session as future expectations of volatility continue to ease. Bulls in the AAII survey finally outnumbered bears, but finished the week at 31%. We remain in this funky ranged bound market. Those who are nimble enough are able to take advantage. Perhaps tomorrow will change things.
Enjoy tomorrow’s Job Report and have a great weekend!
