Wild from Wyoming to Wall Street

Summer volatility sure has a grip on the Market. It’s been that way all year. A 20% decline for the first half of the year was followed by a 19% rally midway through August. The Tech-heavy NAS was up over 20%. That rally stalled a week ago, but saw a second wind this week, only to be turned back again. It came to a screeching halt on Friday and reversed lower. The Dow fell 1,000 points. The S&P was down 3.3%. The NASDAQ was down 4%. The Friday sell-off was driven by activity in a small Rocky Mountain town called Jackson.