The VIX levels are "vexing" given market behavior since you'd imagine the level much higher. The NYMO is getting oversold but not quite yet.
Tomorrow is Jobless Claims and the consensus is for a reading of 390K with a range of 383K-400K. It's a guessing game since so many are dropping off the rolls and there is seasonal temp hiring at retailers. Perhaps more important is the Philly Fed Survey, Industrial Production and NY Empire State Mfg data.
Let's see what happens.
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