Afternoon Update

As we stand at this moment, here are the averages percentage moves for the week (just before today’s close)… SP-500 -1.1%, Dow -0.15%, Transports -3%, NASDAQ-100 -2.1% and Small Caps -3.4%. As for S&P sectors, first the cyclical sectors – Energy +5%, Materials -1.65%, Financials -0.25% but banks (KBW Index -1.85%) underperformed on a flattening…