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Stocks bathed in red on Friday as tech stocks led the way down. The CrowdStrike-borne outage shined a light on the vulnerability of technology, not only in the network, but also in the markets.

Stocks stumbled across the board yesterday as investors struggled to find a good reason to buy stocks. Ken Griffen adds a $40 million pile of dinosaur bones to his portfolio, proof that long-long-long-term investing pays.

Stocks had a rare mixed close yesterday in which the cobwebbed Dow rose to fresh highs while its distant cousin Nasdaq was trounced. Tough Biden Administration trade talk caused discomfort amongst the semiconductor faithful.

Stocks gained and the Dow stunned once again on strong-ish economic data suggesting that a soft landing is still on the table. Small Caps have achieved “meme” status in recent sessions as tired tech bulls rest their horns.

Stocks rose yesterday in a bumpy ride to fresh highs for the Dow. Small caps have gotten a boost with the increased likelihood of lower rates sooner.

Markets gained on Friday as the first of the bank earnings came in with positive surprises. The latest sentiment survey from University of Michigan showed a decline in confidence which can portend weaker growth.

Stocks sold off yesterday despite good news on inflation as weak hands holding high-flying tech shares decided to take profits and head to the beach. Inflation is cooling according to June’s CPI figure that was released yesterday morning.