There's not much to comment on while markets balance within a broad range, so let's keep it short and look forward to the coming week.
The S&P 500 Weekly Option Implied Move is + / - 93 points, with a range of 2957 to 2769, or 29.9% implied volatility.
And the Weekly Trend remains up.
While Volatility was bid as demonstrated by VVIX (Volatility of VIX trading above 120, while vol's equilibrium remains at a numerically higher value.
The Economic Calendar is light, with important Fedspeak, and continued focus on state re-openings as well as how quickly aggregate demand returns.
Of course, the economic numbers are dire as exhibited by Atlanta Fed's -42.8% GDPNow Forecast.
Earnings Season has peaked, but key reports remain such as HD and NVDA, to name a few.
Updated Index, Commodity, and Treasury Levels.
Have a great week.
All the best,