Friday was a low volume, shortened, mixed day with OPEC sponsored weakness in oil (XLE) which suffered the biggest one day loss in 3 years. Silver and gold were hit similarly with 6%+ declines,
The XIV, which had enjoyed a little run on M3 was stopped out, but still produced a net positive gain for the week. The dramatic reversal in XIV can be seen below and may be an omen for further index declines although the general market guru consensus remains bullish and plummeting oil prices are typically a leading indicator for positive market returns. Maybe.