Market volatility remains elevated, but signs of downside exhaustion are beginning to emerge. Michele Schneider points to relative strength in the iShares Russell 2000 ETF (IWM) and transportation stocks while highlighting the importance of watching the U.S. dollar and long‑term bonds for broader risk signals. She also flags agriculture and selective tech names, including Alphabet (GOOGL) and Micron (MU), as the market shifts toward a stock‑picker’s environment.