Republic Risk: New Buys and a Liquidity Check

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Equity Storm Watch Is GREEN on the S&P 500 and YELLOW on the Russell 2000

Markets are quiet this morning as traders focus on a big day of economic data, which could add fuel to the recession talk that has once again crept into conversations. Traders will parse through retail sales, manufacturing data, and jobless claims to get a sense of the health of the U.S. economy.

After experiencing one of the sharpest increases in market volatility in recent memory, conditions have stabilized. The VIX volatility gauge exploded to a high of 65 last week and has fallen back to 16 in just seven sessions, returning below its historic average and marking one of the fastest retreats in history.