FYI: Four placid days led to a Friday that in recent terms would be considered “wild” but in 2008 terms would be considered a “quiet session”. There was some actual volatility Friday as indexes gapped up and ran before reversing sharply mid morning and sell off, led by the giant tech stocks that have been the stars of 2017. If that is a precursor of anything or algorithms gone wild for a few hours, we shall see in the next few weeks. Thursday’s Comey testimony and UK elections didn’t really move the needle much but the latter perhaps led to some of the volatility Friday.
Regards,
Ted
https://www.stocktrader.com/2017/06/11/weekly-market-recap-jun-11-2017/
