“Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday. The preliminary Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from the 81.6 final reading in February. That was below analyst expectations for a reading of 82 and the lowest level for that index since November.” Story at…
VIX rose about 10% to 17.8.
The yield on the 10-year Treasury Note remained at 2.65%.
VIX was up a lot today and that’s usually not good for the markets. Market internals remained poor. It looks to me that we are seeing a renewal of the correction that started 31 December at S&P 500 1848. The Index only got 2% above 1848 in the last 10-weeks and seems to have stalled with the most recent high of 1878.