Afternoon Update

  It’s a mixed day, the S&P up about a half percent, NASDAQ-100 up +1%, but the DJIA just +0.2%, Transports down -0.7% and Small Caps down -0.3%. VIX is green! Payrolls was the highlight of the week. Private sector payrolls were up just 136,000, average hourly earnings growth decelerated to 3.9% (from 4.1%) on…