Traders debate market direction following a volatile week, with the S&P 500 closing at 6,893 on Friday. Despite a 70-point selloff, volatility remained surprisingly muted, signaling potential complacency among investors after AAII sentiment survey showed extreme bullishness.

Tech stocks faced headwinds as Broadcom (AVGO) plummeted 11.4% despite beating estimates, while Oracle continued struggling post-earnings. Analysts noted the high bar for AI-related stocks after significant rallies throughout the year.

Gold maintains its upward trajectory while silver pulled back from recent highs near $65. Cryptocurrencies showed weakness with Bitcoin down nearly 2%, potentially serving as a warning sign for broader risk assets.

Looking ahead, traders anticipate choppy conditions through year-end despite upcoming inflation and jobs data. Low implied volatility across multiple assets presents potential opportunities for volatility expansion trades rather than directional bets.