Afternoon Update – Volatility Starting To Act Up

The equity market closed at 1:00 p.m. ET . The Treasury market closed at 2:00 p.m. ET. Markets are closed tomorrow in observance of Independence Day. Today’s economic data was horrendous (Challenger-Grey job cuts soared, ADP payrolls were the weakest since January, Initial Claims the highest since January, Continuing Jobless Claims surged to 3 year…