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This week has been filled with red especially the hard down day we suffered on Wednesday. The Russell 2000 has felt the majority of the selling pressure putting in consecutive days of over 1% losses. Today, however, the market was able to recover across the board. First the Russell 2000 was up 1% which helped pair off some of its losses. The S&P 500 remained unchanged after being down in the morning. The highlight of the day was the move in the VIX which ended the day down. Investors have begun to peel back their protection and hedges. This is a good sign for the end of this sell off and the start to a market recovery. We are not out of the woods yet as we still have the employment numbers due out tomorrow morning. These numbers should help set the tone of the market over the next week.
