If you stayed long volatility into the week, you mitigated some of the hits your portfolio took as market leadership rolled over, specifically technology, the drubbing it took occasioned by Ericsson's disappointing report and forecast of weakness in telecom infrastructure spending. Rates held mostly firm all week, the U.S. 10 year rising within a breath of 1.80 percent mid-week prior to the release of the FOMC minutes from the September meeting. All in, take a nothing done for rates as they subsequently retrenched before ending the week ever so slightly higher, catalyzed by solid Producer Price Index and Retail Sales reports on Friday. Citi, JPMorgan and Wells Fargo each reported strong earnings relative to muted expectations, differing metrics driving the beat and to varying extents. Initial positive response exhibited in 2 to 3 percent price gains dissipated somewhat as the trading session wore on as did overall market levels. Nonetheless, for fundamental reasons the bank reports were indisputably better than expected.