A "local" peak in VIX likely at hand = near-term rally likely post-Aug jobs. Even if one is cautious into election day, no reason for stocks to fall first week of Sept.

VIDEO: We think the VIX made a local top, setting stage for stocks to rally post-Aug jobs report on Friday.

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Even if caution is warranted next 8 weeks into election day, there is no fundamental reason for stocks to trade so poorly the first 3 trading days of September. It is for this reason that we believe stocks could be making a "local bottom" on the August jobs report (Frid...

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