Postcards: The "Wife's Out of Town" Starter Pack

It will be quiet for the next six days at the home. Here's the proper way to maximize the silence...

Market Update: Just like that, the market gives its FOMC gains right back. Stocks that were BUYS on our radar as 20-day breakout moves have fallen back under that average and move off… as the S&P 500 yanks back under that level too.

This is the nature of a higher volatility market (compared to where we were when the VIX was hovering near 12.) Back into the Yellow for the S&P 500, and the QQQs are red. It’s a very good time for investors to hedge on small-cap stocks.

Tomorrow’s jobs report will be critical, but I’d anticipate more volatility as we move toward the Fed’s meeting in a few weeks in Wyoming. Already, we’re seeing some worries in Europe as their equity markets dropped after the Bank of England cut interest rates for the first time in four years.

• S&P 500: Yellow and trending lower.

• Russell 2000: Moving to Yellow

• Nasdaq 100: Red