We would be remiss not to mention Pearl Harbor, “A day that will live in infamy”. 

Both seem appropriate, one for humor, and the other great sadness. The bottom line—volatility is making a hash of portfolios.

Is this a fine mess to launch for the seasonal Santa Claus Rally? So far it’s just a lump of coal in investors’ stocking.

The past few days are down 2%, up 2.5% and down .08%–wash, rinse and repeat. And, this is the generous view.

Market sectors moving higher included: Bonds (TLT), Dollar (UUP) and Volatility (VIX).

Market sectors moving lower included: Just about everything else and in a big way.

The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.

Volume was modest and breadth per the WSJ was negative.

This isn’t the way one would expect markets to behave overall given Friday’s huge move. But then again, there was Thursday’s huge move in the opposite direction, so….

Are we ready for another Turnaround Tuesday? The JOLTS report might provide a lift as may the Redbook’s report.

Let’s see what happens.