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Summer Fridays in August are typically quiet as a lot of traders and investors have better things on their minds than the stock market. Better things to do than watch the stock market? That’s hard to believe! What was looking like an extremely quiet week turned out to simply be a quiet one with the release of Friday’s stronger-than-expected July Non-Farm Payrolls. But heading into the closing bell, the S&P 500 was basically flat while the Nasdaq was lower. As we headed into the closing bell for the week, though, the old cliché to never short a dull market proved true again as the US equity market saw modest but broad-based gains on the week.
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