Last Friday was a solid finish to the week, and it happened without the Magnificent Seven.

The market breadth was also fantastic last week.

Friday’s biggest gainers were mainly severely oversold stocks. The percentage gains are very enticing, which creates a dilemma because the majority lack evidence of any fundamental improvements to warrant big rallies.

Today’s session

It is going to be a nasty start to the session, which isn't unusual for a week that will end with the jobs report.

On that note, the big jobs news this morning is Spotify (SPOT) is cutting 1500 workers or 17% in its third round of layoffs this year.