The VIX fell 27%, or 10 points today, as the market simmered down from fear and fright mode. Just past 10:10 am ET the $.SPX.US$ climbed back 1.15% , the   $.DJI.US$ climbed 0.96%, and the $.IXIC.US$ climbed 0.95%, after falling 4% Monday.

The turbulence began last week after multiple earnings reports from the largest companies did not meet estimates. Japan's head Bank considered raising rates, Friday, sending the  $Nikkei 225.JP$ down 12%, the worst since the 1980s. The Nikkei climbed back 10% Tuesday morning.

Meanwhile, last week's macro numbers pointed to a rush of unemployment. The numbers showed non-farm payrolls dropped from the month before, the economy only added 114k jobs vs 175k forecast and 179k in June, according to the Bureau of Labor Statistics. The unemployment rate in July rose to 4.3%, compared to 4.1% last month.

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Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!

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