The market was deadsville coming into the close - completely boring. In fact, it was like that for most of the day today! Volume, trade, volatility - all were on the low side.
If I didn’t know any better, I’d say the market more or less exhausted itself with the fireworks this week.
But here’s the thing: Volatility doesn’t just disappear. When you zoom into the tape, you can see the violence is still there. I’ll show you how. After all, there is such a thing as upside volatility.
The market is beginning to fixate on the idea of the “Goldilocks market,” where inflation, unemployment, and growth are all juuuuust right. You’re going to hear a lot about that in the week ahead I think.
But I’m going to show you how this market is, at best, one iffy economic data point from mayhem again. Watch…