Broadly Calm Despite Modest Pull-Back

Broadly Calm Despite Modest Pull-Back

If anything about the present week required investigation and explanation, it was the justification for fairly decent gains right out of the gate. Today’s weakness, by comparison, is more logical. Why? Broader momentum is sideways and volatility should be lower this week vs last. A bit of of a pull-back on Wednesday means bonds are doing a good job of keeping things sideways.  For those determined to assign blame, we…