S&P Finishes Slightly Down After Disappointing Jobs Report, But Finishes Week In The Green

Key Takeaways

- S&P 500 closed at 4,391.34 which was up from 4,357.04 last week.

- We understand there are a lot of headline risks, but we also see a pretty amazing setup for the market to climb a Wall Of Worry.

- The VIX has not gone into backwardation in recent volatility. We see this as demonstrating high-skew and see downside moves mitigated by the high level of protection that exists due to increasing bearishness.

- We expect a few negative earnings announcements focusing o...

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