Everything’s green today except VIX and VXX, although the VXX, in its usual schizoid behavior, is actually up 1% for the day. There is no VOLUME  BUZZ, not the metric column….just no volume buzz.  After the opening pop and drop things have rebounded somewhat to R2 with little momentum pushing either way, thereby increasing the likelihood of a PP pivot kind of day. End of month rebalancing today and tomorrow may hold the markets in a narrow range with a positive bias, but the low volume portends lack of conviction and with few encouraging catalysts to prop up prices September could start out badly. TBT volatility is running up to 46 as the NIA calls treasuries the short of the century. Meanwhile consumer confidence is at a 2 year low ostensibly pushing bonds up.  Yin-yang.