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Volatility Reigns All Week, But Friday Ends Strong

The S&P 500 was down on the week. It closed at 3,906.71 last Friday and closed at 3,841.94 today. If you’re reading this today and haven’t paid much attention to markets throughout the week those numbers seem like it was a tame week. However, we can officially say that this week was a humdinger. The bond and equity market experienced considerable volatility. The stalwart Growth/FAANG names actually led the downside for a change. My colleague Tom Lee will discuss the significance of this. If you remember, for most of the year when markets have been down the big Growth names that largely act as bond proxies when rates are ultra-low were a safe-haven.

Volatility Reigns All Week, But Friday Ends Strong
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