Today was a ‘risk off’ day for whatever reasons one wishes to cite.

But it was a risk averse day. Take a look at the VIX.

It could be the uncertainty of the FOMC meeting and the Non-Farm Payrolls number coming out.

But it could also be Donald Trump’s rise in the polling to have an even to slight edge chance against Hillary in the ‘popular vote.’

So, as I said, the punters were pulling in their lines a bit, although stocks certainly came off the afternoon lows.