Despite weakness among small-caps, stocks showed resilience

Even considering Friday’s broad pullback and the weakness among small-caps, U.S. stocks continued to show resilience this week, and volatility remained fairly low on the last session of the week. The Russell 2000 was very weak for the second straight day and the downtick in Treasury yields also pointed to a pre-weekend risk-off shift, but the market-leading Nasdaq remained stable om Friday so the underlying bullish trend still looks safe. The entire week was full of gyrations in the VIX (INDEXCBOE:VIX) and other volatility measures.

 

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