Fear may have elevated to panic in yesterday’s session. To put that in perspective, let’s look at the CBOE Volatility Index — sometimes dubbed the “Fear Index” and at times does act as a barometer of outright panic. 

In pre-opening trading this morning, the CBOE Volatility Index has traded as high as the 54 area, and that to me reflects full-on panic. But, the scenario here is not entirely different than October 1987…. 

The CBOE Volatility Index reached a higher high than its recent rally, moving above the 19 level yesterday. This morning… 

Two headline factors may have been largely responsible for yesterday’s market action. For one, the Fed did indicate yesterday that it might cut rates in September… 

As we begin the final trading day of July, technology continues to be a mixed bag, generally under pressure. 

As we count down the final days of July, investors may be bracing for August and September — two months that are not historically friendly for the stock market. 

Recent market action has featured rigorous rotation amid heightened volatility. 

Technology failed to hold the line yesterday with semiconductors, and other subcategories of technology, breaking below their widely watched short-term moving average trend lines. 

Yesterday’s market action may have strengthened the short-term outlook for stocks; I say that because a number of technical factors played pretty significantly during the course of trading yesterday. 

Despite last' week events, the market had a pretty normal performance.